Rochester Recovers April Job Losses, Cuts May Decline to 116 Jobs
Updated
Updated · KROC-AM · Jun 18
Rochester Recovers April Job Losses, Cuts May Decline to 116 Jobs
1 articles · Updated · KROC-AM · Jun 18
Summary
Rochester's labor market nearly erased April's slump in May, with employment down 116 jobs from a year earlier after April showed a drop of nearly 1,100.
That left the metro with a negative job-growth rate of 0.1%, a marked improvement even as job growth across Minnesota metros remained weak or absent.
Twin Cities employment grew 0.3% and Mankato 0.1%, while Duluth and St. Cloud each lost more than 1,100 jobs year over year—about 1% declines.
Statewide, Minnesota added nearly 20,000 jobs over the past year and about 5,400 in May, while the unemployment rate fell to 4.4% from 4.5%.
The broader backdrop was still modest growth: Minnesota's annual job-growth rate topped 0.5% versus 0.3% nationally, while U.S. unemployment held at 4.3%.