Minnesota’s Department of Employment and Economic Development, or DEED, released its monthly jobs report Thursday, and the results weren’t good for Gov. Tim Walz’s first full month in office.
According to the report, Minnesota lost 8,800 seasonally adjusted jobs in February, and the unemployment rate climbed from 3 percent to 3.1 percent, compared to a national unemployment rate of 3.8 percent.
February 2019 saw 1,364 fewer jobs than February 2018 and was the first month of annual job decline since July 2010.
Of the 11 major industries, seven saw job declines, with construction losing the most at 3,800 fewer jobs.
“The most significant decline this month was in construction, losing 3,800 jobs—not shocking given the brutal February we had,” DEED Commissioner Steve Grove said in a news release. “Along with that, we know that Minnesota faces dwindling labor force growth—we can’t have job gains without people to fill the positions.”
The trade, transportation, and utilities industry dropped 3,000 jobs, while education and health care lost 2,300 jobs, and manufacturing lost 1,600. The largest gain was recorded in the professional and business services industry with 1,300 new jobs, followed by 1,000 new jobs in financial activities, and 400 new jobs in government.
The report blames the job losses on a diminished workforce growth and the possibility of a weakened national economy, since national job gains in February only reached 20,000. DEED projects a “rebound in job growth” in Minnesota as outdoor conditions improve.
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