August ’06 National Job Scene
August 2006 Federal Reserve Beige Book

August '06 Minnesota Job Scene

The roller coaster that is the State of Minnesota job creation was down for August. We lost 2,500 jobs yet the unemployment rate went down. A likely sign that some have left the workforce pool.


While some jobs have been lost 71,653 jobs in the past year have been created, a 2.6% increase compared to the 1.3% national rate. On average the state creates between 30,000 and 45,000 jobs.


Unemployment rate:

August ’06, 3.7%

July ’06, 3.8%

June ’06, 3.6%


Jobs Created/Lost:

August ’06, -2,500

July ’06, +11,600


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