News and MediaState Gains 10,200 Jobs in May « Back to Search Results
Unemployment rate drops to 3.1 percent
ST. PAUL – Minnesota employers added 10,200 jobs in May, according to seasonally adjusted figures released today by the Minnesota Department of Employment and Economic Development (DEED).
With those gains, the state has added 29,188 jobs in the past year, a 1 percent growth rate. The U.S. rate of job growth during that period was 1.7 percent.
Minnesota’s seasonally adjusted unemployment rate fell to 3.1 percent in May, the lowest level since July 2000. The U.S. unemployment rate was 3.8 percent in May.
“Minnesota bounced back with its strongest month of job gains in more than a year, following weather-related delays in new hiring in April,” said DEED Commissioner Shawntera Hardy. “Businesses are continuing to add employees, despite a tightening labor market.”