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Recruiting 9/26 - 10/09

Employment & Economic Statistics 9/26 - 10/09

Minneapolis/St. Paul Continue Top Five Rank – September 28

United States Department of Labor released its Metropolitan Summary for the month of August. Minneapolis/St. Paul once again ranked best, 3.3 % not seasonally adjusted, which ranked best among areas with 1 million or more residents.

Nationally metropolitan areas had more under 4.0% and less over 7.0% than a year ago.

Minnesota Has The 2nd Lowest Poverty Rate – September 29

While the poverty rate has increased slightly in the past few years the overall rate has gone down quite a bit since 1993. Star Tribune reports on a study that shows New Hampshire has the lowest poverty rate.

1,000,000 Self Employed Businesses Added – September 30

US Census Bureau is reporting a 5.7% growth in self employed businesses. Nevada, Arizona, and Georgia lead the growth pack.

September Unemployment rate up .1% in September – October 3

Not overly alarmed by the September Unemployment numbers. After all we have had seven months of job growth.

Twin Cities Ranking Well In Job Growth And Unemployment – October 3

American City Business Journals released a study with statistics from mid-2004 and mid-2005. The Twin Cities ranked 20th with metropolitan areas of a population greater than 250,000. Job growth was not that good but the unemployment rate is low.

The 20th ranking puts the Twin Cities ahead of Denver, Boston, and San Jose.

Business Journal has the story and also mentions Rochester, which ranked 10th in the mid-market category.

Minneapolis/St. Paul Worker Confidence Increases – October 4

Another month and another increase in the Hudson Employment Index for the Twin Cities. 74% of workers were satisfied in September up from 71% in August.

Minneapolis/St. Paul still rank in 4th place behind Los Angeles, Washington, D.C., and Dallas.

Meanwhile the national index took a small dip.

Hurricane Katrina & Rita Impact On September Jobs Report – October 7

The unemployment rate rose to 5.1% in September. From the report:

The measures of employment and unemployment reported in this news release reflect both the impact of Hurricane Katrina, which struck the Gulf Coast in late August, and ongoing labor market trends.  Over the 12 months ending in August, payroll employment grew by an average of 194,000 a month and the unemployment rate trended downward.

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