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Minnesota's Employment Rate Shows Improving Market

MINNEAPOLIS-Minnesota's unemployment rate in July improves, showing significant strength in the service-providing trades. With the help of a housing and commercial construction uptick, the manufacturing industry is also seeing an increase in employment.

By Dana Dubriwny | Updated on August 17, 2005

MINNEAPOLIS-Minnesota’s unemployment rate for July improved by one-tenth of a percentage point to 3.6%, increasing by 8,000 jobs, according to a report released by the Minnesota Department of Employment and Economic Development (DEED).

All of the employment increase occurred in the service-providing industries with trade, transportation and utilities adding 3,600 jobs; government adding 3,000 jobs; education and health services adding 1,500 jobs; and leisure and hospitality adding 1,400 jobs. Goods-producing industries, including natural resources and mining; construction; and manufacturing, all came in with nearly flat employment growth over the month.

Steve Hine, research director with DEED, says that while the report alone does not signify a market turn-around, the steady decline in unemployment during the past three months speaks clearly to the positive direction of Minnesota’s job bank. He tells GlobeSt.com that construction employment had been at a steady incline for the past few months, namely because of the recent residential housing boom, which has now been surpassed by civil work from commercial construction. Hine also says that unlike much of the nation, Minnesota’s manufacturing sector has seen positive results. Industries of note include manufacturers of wood products (because of housing construction), machinery, and electro-medical products, such as pace makers and stents.

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