Updated
Updated · St. Paul Pioneer Press · Jul 16
Minnesota Adds 13,200 June Jobs as Unemployment Holds at 4.4%
Updated
Updated · St. Paul Pioneer Press · Jul 16

Minnesota Adds 13,200 June Jobs as Unemployment Holds at 4.4%

3 articles · Updated · St. Paul Pioneer Press · Jul 16

Summary

  • 13,200 jobs were added in Minnesota in June, extending the state’s rebound to a third straight month after job losses from January through March.
  • 4.4% unemployment held steady in June, slightly above the 4.2% U.S. rate, while national job growth was nearly flat at 57,000 added from May.
  • 67% labor-force participation slipped 0.2 percentage point, marking a seventh consecutive monthly decline that state officials said remains a key drag on labor supply.
  • 3.5% inflation outpaced both state and national wage growth for a second straight month, even as Minnesota’s average workweek edged up to 32.8 hours.

Insights

As Minnesota adds thousands of jobs, why is its available workforce shrinking for the seventh straight month?
Do Minnesota's new jobs offer wages that can actually overcome the state's persistent 3.5% inflation?