Minn. employers add more than 10,000 jobs
ST. PAUL -- Minnesota’s unemployment rate dropped to 3.1 percent as employers added 10,200 jobs in May.
The seasonally adjusted rate is less than the U.S. unemployment rate of 3.8 percent in May, according to the Minnesota Department of Employment and Economic Development. The rate is at its lowest since July 2000. But Minnesota’s job growth for the past 12 months of 1 percent still lags behind the national 1.7 percent rate.
Professional and business services were among the biggest gains with 2,700 added jobs. The only industry sector to report fewer jobs in May than the month before was the education and health services sector, which lost 600 jobs.
The black unemployment rate in May was 6.1 percent, a drop from 6.8 percent in April and the May 2017 rate of 8.1 percent.
The Hispanic unemployment rate in May was 4.4 percent, an increase from 3.6 percent in April. It is still lower than the May 2017 rate of 5.3 percent.
The white jobless rate in May was 2.6 percent, a drop from the April rate of 2.7 percent and 3.1 percent a year ago.