Minnesota Jobless Rate Edges Up as Jobs Cut in March
ST. PAUL (AP) – Minnesota’s unemployment rate has clocked in at a seasonally adjusted 5.8 percent for March, which remains well below the rate this time last year and the national average.
The rate reported Thursday by the Department of Employment and Economic Development was one-tenth of a percentage point higher than in February. Statewide, employers cut a net 200 jobs and the number of jobs gained in February was also revised downward. Nationally, the unemployment rate was 8.2 percent for last month.
Since the recession, private employers in Minnesota have added back 88,000 of the jobs that were lost. That’s just shy of six in 10.
The government sector shed the most jobs followed by manufacturing and construction. Trade and transportation and hospitality sectors accounted for most job gains during March.
(Copyright 2012 by The Associated Press. All Rights Reserved)