by Nick Dobbins
August 2022
Monthly analysis is based on seasonally adjusted employment data.
Yearly analysis is based on unadjusted employment data.
Employment in Minnesota was up by 19,100 (0.7%) over the month in July on a seasonally adjusted basis. It was the tenth consecutive month of positive growth. Private sector employers added 14,600 jobs (0.6%).
Over the year the state added 78,519 jobs (2.7%). Goods producers added 17,130 jobs (3.6%), and service providers added 61,389 jobs (2.5%).
Mining and Logging employment was flat in July on a seasonally adjusted basis, holding at 6,300 jobs after losing 300 jobs over the month from May to June.
On an annual basis the supersector lost 224 jobs or 3.3%. It was one of only two supersectors to post negative over-the-year growth along with Construction.
Construction employment was up by 1,100 jobs (0.8%) over the month in July, the third consecutive month of seasonally adjusted gains for the supersector.
Over the year Construction employers lost 62 jobs or 0.0% growth. Growth in Construction was last in the negative in April, when seasonal fluctuations caused negative over-the-year growth of 4.4%.
Employment in Manufacturing was up by 2,600 (0.8%) over the month in July. Durable Goods Manufacturing was up 2,400 jobs or 1.1%, while Nondurable Goods Manufacturing added 200 jobs (0.2%).
Over the year Manufacturers added 17,416 jobs or 5.5%. It was the second-highest annual proportional growth for any supersector in Minnesota, trailing only Leisure and Hospitality. Durable Goods employment was up 11,679 (5.7%) while their counterparts in Nondurable Goods added 5,737 jobs (5%).
Trade, Transportation, and Utilities employment was up by 500 jobs or 0.1% in July. Both trade components posted positive growth, with Wholesale Trade up 900 jobs and Retail Trade up 1,900, both 0.7%. However, Transportation, Warehousing and Utilities was one of the handful of published sectors to post negative growth, shedding 2,300 jobs or 2.1%.
Over the year the supersector added 2,019 jobs (0.4%). The increase was driven entirely by Retail Trade, which added 2,926 jobs (1%). Wholesale Trade lost 704 jobs (0.5%), and Transportation, Warehousing, and Utilities lost 203 (0.2%), with declines driven by the loss of 1,243 jobs or 4.5% in Truck Transportation.
Information employment was flat in July, holding at 43,800 jobs after adding 500 jobs (1.2%) in June.
Over the year the supersector added 1,271 jobs or 3%. However, both published components shed jobs on the year, with Publishing Industries (except Internet) down 84 jobs (0.5%) and Telecommunications down 101 jobs (1.1%).
Employment in Financial Activities was down by 1,000 (0.5%) on a seasonally adjusted basis in July. It was one of only two supersectors in the state to lose jobs on the month along with Other Services. Finance and Insurance lost 700 jobs (0.4%), while Real Estate and Rental and Leasing lost 300 (0.8%).
On an annual basis employment in Financial Activities was mostly flat, adding just 181 jobs or 0.1%. Growth in Real Estate and Rental and Leasing (up 1,390 jobs or 4%) was mostly offset by losses in Finance and Insurance (down 1,209 jobs or 0.8%).
Professional and Business Services employers added 3,900 jobs (1%) over the month in July. Professional, Scientific, and Technical Services added 1,200 jobs (0.7%), Management of Companies added 1,000 jobs (1.1%) and Administrative and Support and Waste Management and Remediation Services added 1,700 jobs (1.3%).
Over the year the supersector added 18,664 jobs or 4.9%, the third-highest proportional growth of any supersector. Professional, Scientific, and Technical Services added 10,258 jobs (6.4%), the lion's share of the growth, while Management of Companies added 1,712 jobs (1.9%), and Administrative and Support and Waste Management and Remediation Services added 6,694 (5.1%). Employment Services added 3,489 jobs or 6.3%.
Employment in Educational and Health Services was up 1,600 (0.3%) over the month in July. Health Care and Social Assistance added 2,700 jobs (0.6%) while Educational Services lost 1,100 jobs (1.5%).
Over the year the supersector added 12,745 jobs (2.4%). Educational Services was up 5,826 jobs (10.1%), while Health Care and Social Assistance was up 6,919 jobs (1.5%). Nursing and Residential Care Facilities employment was down 2.5% over the year (2,613 jobs), although that was an improvement over June's 4.3% annual decline. Over-the-year growth in the component has improved in each of the last four months.
Leisure and Hospitality employment was up by 6,700 (2.7%) over the month in July. Accommodation and Food Service added 5,800 jobs (2.9%), while Arts, Entertainment, and Recreation added 900 jobs (2%).
On the year employment in Leisure and Hospitality was up 23,029 or 9%, the largest real and proportional growth of any supersector in the state as employers continue to grow following the pandemic-related job losses.
Employment in Other Services was down by 800 (0.7%) in July, one of only two supersectors to post negative monthly growth. The other was Financial Activities. It was the first negative monthly growth since March for Other Services.
Over the year the supersector added 2,815 jobs (2.6%) with all three published component sectors posting positive growth.
Government employers added 4,500 jobs (1.1%) over the month in July. Local Government drove the growth, adding 4,200 jobs (1.5%) while Federal employers added 400 jobs (1.3%), and State employers lost 100 (0.1%).
Over the year, Government employment was up by 665 or 0.2%. Local Government was the only level to post positive growth, adding 1,679 jobs (0.6%) with Local Educational Services down 3,541 jobs (3%) and Local Non-Education up 5,220 (3.6%).
