St. Paul – Minnesota added 8,500 private sector jobs during January and unemployment dropped a tenth of a point to 3.2% during the first month of 2020, according to seasonally adjusted figures released today (Thursday) by the Minnesota Department of Employment and Economic Development (DEED).
The national unemployment rate was 3.6% in January, up a tenth of a point from December.
DEED Commissioner Steve Grove says “Minnesota experienced the strongest private sector job growth in January that it’s seen in 20 months, tightening an already lean labor market.”
Since January 2019, Minnesota added 1,844 jobs for an over-the-year growth gain of 0.1%, compared to 1.2% nationally.
Minnesota’s tight labor market is believed to be a key factor in the state’s slow job growth.