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Unemployment Rate Steady at 4 Percent in January

Tuesday, March 14, 2017   (0 Comments)
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Employers cut 8,300 jobs

ST. PAUL – Minnesota’s unemployment rate was 4 percent in January, unchanged from the state’s revised jobless rate in December, according to seasonally adjusted figures released today by the Minnesota Department of Employment and Economic Development (DEED). The U.S. unemployment rate was 4.8 percent in January.

Minnesota employers eliminated 8,300 jobs in January. Over the past year, the state has gained 35,136 jobs, an increase of 1.2 percent. U.S. job growth over the past year was 1.5 percent.

“Trends point to solid growth in the state labor market and suggest that January’s figures may have been a temporary correction,” said DEED Commissioner Shawntera Hardy. “Over the past year, 10 of the state’s 11 major industrial sectors have gained jobs.”

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