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Jobs Bounce Back in May – After Weather-related Hiring Pause

Wednesday, August 01, 2018

Minnesota’s unemployment rate for May dropped to 3.1 percent, with the addition of 10,200 jobs.   

With those gains, the state has added 29,188 jobs in the past year, a 1 percent growth rate.

Sector details:

  • Manufacturing gained 1,400 jobs in May. Minnesota’s over-the-month growth rate in manufacturing of 0.4% in May was again higher than the US average of 0.1%. Given revised April and preliminary May job numbers, 2018 bodes well for manufacturing. The past four months registered the longest streak of over-the-month gains since December 2014. Job gains were concentrated in Durable Goods manufacturing which gained 1,200 (+0.6%) over-the-month jobs, while Non-Durable Manufacturing gained 200 jobs (+0.2%).
  • Leisure and hospitality bounced back in May with a preliminary adjusted job gain of 2,200 over April (+0.8). However, the preliminary over-the-month loss of 3,600 (-1.3%) in April was further revised to a loss of 3,700 (-1.4%). All of the seasonally adjusted job gains over-the-month came from Accommodation and Food Services (+2,300); Arts, Entertainment, and Recreation lost 100 jobs.

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"Living in the Cities for four years made me appreciate the kind of lifestyle the rural area has to offer.  It is a wonderful place to raise a family, and people are not too busy to wave when passing by or just stop to visit.  I felt a strong desire to bring a form of quality of healthcare back to this area."

Dr. Kyle Pankonin, Lamberton

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