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Minnesota Morning

December 2007 Minnesota Jobs Report

Not much good to say about 2007 when speaking about job creation in Minnesota. The first 6 months saw about 23,000 jobs created. That’s a rough break even number needed with a growing Minnesota labor force and a nice start to a year.

The last 6 months saw that number wiped away.

I have seen the number at -400 and -700 jobs created/lost during 2007.

Tom Stinson, the state's chief economist. says "It seems to me that that's enough of a decline to qualify as a statewide recession in anybody's book," Stinson said.

Dan McElroy, the employment and economic development commissioner, called the report "disappointing and concerning." and "Going backward in the number of jobs is clearly not good news," he said. The numbers will be revised next month and that could mean that conditions actually are worse than they appear now.”

Unemployment rate:

  • December ’07, 4.9%
  • November ’07, 4.4%
  • 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%

Jobs Created/Lost:

  • December ’07, -2,300
  • November ’07, +6,900
  • 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

Over The Year Job Growth:

  • December ’07, -700
  • November ’07, +2,566
  • 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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