May 2007 U.S. Job Scene
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May ’07 Minnesota Job Scene

Much will be made around the numbers this month’s employment numbers. Minnesota’s unemployment rate is now 4.6% with the US unemployment rate at 4.5%. This is the first time the Minnesota rate has been higher than US rate since 1976.

Aside from that the Minnesota numbers continue to outpace that of the country. Over the year job growth in Minnesota is 41,500 or 1.5%, .1% higher than the US rate of growth.

Of the past 25 months Minnesota has gained jobs in 20.

Unemployment rate:

  • 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%
  • September ’06, 4.0%
  • August ’06, 3.8%
  • July ’06, 3.8%
  • June ’06, 3.8%

Jobs Created/Lost:

  • 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
  • September ’06, -12,700
  • August ’06, -300 (revised) -2,500 (first reported)
  • July ’06, +11,600

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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