Minnesota Jobs And Employment Report: November 2010
December 20, 2010
The up and down yo-yo that is the Minnesota job market continued in November of 2010 according to the numbers released by the Minnesota Department of Employment and Economic Development (DEED).
-5,100 jobs with the unemployment rate remaining at 7.1%
October numbers of +14,100 were revised to +16,000
So far in 2010 we are +48,000 Minnesota jobs.
Some things to look at with the numbers for this month:
- A spike in government jobs may coincide with the hiring of election judges
- Little or no increase in temporary hiring
- 7,000 temp jobs have been created in 2010
- Labor force participation dropped (again) to 71.6 percent the lowest rate since mid 1988
- The under/unemployed number is 13.8%
Job Gains - November (Year to Date):
+3,500 (1,700) Government
+1,800 (+12,900) Manufacturing
+1,500 (+12,200) Professional and Business Services
0 (+500) Logging and Mining
Job Losses:
-200 (+2,900) Information
-600 (-5,300) Construction
-700 (+13,400) Education and Health Services
-1,400 (-2,800) Other Services
-2,100 (+5,800) Trade, Transportation and Utilities
-2,900 (-3,500) Financial Services
-4,000 (+10,300) Leisure and Hospitality
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