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October 2007 Minnesota Jobs Report

UH OH, another month of lost jobs for the State of Minnesota. Statistics can be funny. With this month the job loss was less than September’s and the unemployment rate dropped .2% yet this month feels worse than last month.

Department of Employment and Economic Development (DEED) Commissioner Dan McElroy:

"The employment data over the past few months are concerning, and we will take a deeper look at what is happening in the state."

He has called for a review by state economists and department experts to look at the trends and make recommendations on how to encourage stronger economic growth.

Construction (gained 600 jobs), and the leisure industry (gained 300).

Job losses were in the categories of education and health services (down 3,200), manufacturing (down 2,700) and professional and business services (down 1,300).

Unemployment rate:

  • October ’07, 4.7%
  • September ’07, 4.9%
  • August ’07, 4.6%
  • July ’07, 4.6%
  • June ’07, 4.5%
  • May ’07, 4.6%
  • April ’07, 4.5%
  • March ’07. 4.2%
  • February ’07, 4.5%
  • January ’07, 4.4%
  • December ’06, 4.1%
  • November ’06, 4.1%
  • October ’06, 4.0%

Jobs Created/Lost:

  • October ’07, -6,600
  • September ’07, -6,300
  • August ’07, -2,000
  • July ’07, -7,300
  • June ’07, +4,200
  • May ’07, +7,200
  • April ’07, +500
  • March ’07, ???
  • February ’07, -1,200
  • January ’07, +13,100
  • December ’06, -1,600
  • November ’06, +12,300
  • October ’06, +3,300

Over The Year Job Growth:

  • October ’07, +2,100
  • September ’07, +9,800
  • August ’07, ???
  • July ’07, +19,165
  • June ’07, +35,133
  • May ’07, +41,515
  • April ’07, +36,711
  • March ’07, ???
  • February ’07, +20,787

All numbers above are seasonally adjusted.

Click Employment & Economic Statistics for more posts on the topic and MN Headhunter for the latest blog posts.

 

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