News

Jobless Rate Static over Month of May

Jobless Rate Static over Month of May Click to Enlarge Photo:

Jun 15, 2012 at 8:21 am

ST. CLOUD, MN (KNSI) - Minnesota unemployment is holding steady as the state says the jobless rate for May was 5.6 percent, the same mark the state hit in April.

However, 5.6 is still a full percentage point ahead of where Minnesota was one year ago.  Steve Hine of the Minnesota Labor Market Information Office says new claims for unemployment benefits continue to decline as well.

"The seasonally adjusted new claims for unemployment benefits  fell again and hit another post recessionary low," Hine said. "Really [the numbers are] in line with the levels we saw throughout the recovery between the 2001 and 2008 recessions."

Minnesota's unemployment rate is still well below the national jobless rate of eight-point-two percent. In all the state shed 900 jobs in the past month.

"The largest losses were in professional and business services, we shed 1600 jobs there," Hine said. "Information was down 1100 and leisure and hospitality was off another 700."

Meanwhile a few sectors saw job growth in the month of May.

"The government sector added the most jobs in May coming in with an increase of 1200 jobs," Hine said. "That was followed by manufacturing which was up 900 and construction which was up 800 jobs."

Leave a Comment

Current Weather

For Central Minnesota

Temp: 65°F (18°C)

Dewpoint: 23

Wind: 21 W

Weather: Clear

Full Forecast | Live Radar

Community Calendar