MN Unemployment Rate Drops to 3.2%

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St. Paul – Minnesota’s seasonally adjusted unemployment rate dropped one-tenth percent to 3.2% in September, according to numbers released today (Thursday) by the Minnesota Department of Employment and Economic Development (DEED).

That’s down from 3.3% in August and 3.4% in July.

The U.S. unemployment rate was 3.5% in September.

Despite the continued tight labor market, job growth is slowing in the state. Minnesota gained 100 jobs in September according to seasonally adjusted figures. August’s job gains where revised downward from 1,100 jobs to 400 jobs gained. Annual job gains in September slipped to 4,989 or 0.2%.

Over the month, six major industry sectors lost jobs. Education and health care saw the largest decline (down 2,400), followed by professional and business services (down 900), information (down 800), other services (down 500), government (down 400) and construction (down 300).

Trade, transportation, and utilities had the largest over-the-month gains (up 2,700) followed by financial activities (up 1,300), manufacturing (up 700) and leisure and hospitality (up 700).

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