By Nick Dobbins
February 2022
Monthly analysis is based on seasonally adjusted employment data.
Yearly analysis is based on unadjusted employment data.
| Minnesota Seasonally Adjusted Nonagricultural Wage and Salary Employment (in thousands) | |||
|---|---|---|---|
| Industry | Mar-22 | Feb-22 | Jan-22 |
| Total Nonfarm | 2893.8 | 2882.3 | 2869.3 |
| Goods-Producing | 459.6 | 457.1 | 454.7 |
| Mining and Logging | 6.8 | 6.7 | 6.7 |
| Construction | 128.3 | 128.2 | 128 |
| Manufacturing | 324.5 | 322.2 | 320 |
| Service-Providing | 2434.2 | 2425.2 | 2414.6 |
| Trade, Transportation, and Utilities | 520.1 | 518.1 | 511.7 |
| Information | 43.5 | 43 | 43.2 |
| Financial Activities | 189.4 | 187.6 | 189.4 |
| Professional and Business Services | 377.8 | 377.1 | 376.7 |
| Educational and Health Services | 543.3 | 542.4 | 538.6 |
| Leisure and Hospitality | 250.9 | 248.1 | 245.3 |
| Other Services | 107.2 | 107.4 | 108.4 |
| Government | 402 | 401.5 | 401.3 |
| Source: Department of Employment and Economic Development, Current Employment Statistics, 2021. | |||
The state added 10,200 jobs (0.4%) over the month on a seasonally adjusted basis. Service providers drove the growth, adding 9,900 jobs (0.4%) while goods producers added 300 jobs (0.1%).
Over the year Minnesota employers added 74,111 jobs (2.7%). The private sector grew by 3.1% (59,716 jobs), and the public sector grew by 1.2% (4,802 jobs). Goods producers added 9,593 jobs (2.3%), and service providers added 64,518 (2.8%).
Employment in Mining and Logging was up by 100 (1.5%) over the month in January, on a seasonally adjusted basis.
Over the year the supersector added 299 jobs (5%), after posting only 0.1% over-the-year growth in December.
Construction employment was down in January as the employers shed 1,400 jobs (1.1%). After strong performances in the spring and summer of 2021, the supersector posted seasonal losses in five of the past six months.
On an annual basis Construction employers lost 75 jobs (0.1%). Specialty Trade Contractors added 718 jobs (1%), but those gains were countered by the loss of 200 jobs (0.8%) in Construction of Buildings and 593 jobs (4.3%) in Heavy and Civil Engineering Construction.
Employment in Manufacturing was up 1,600 jobs (0.5%) over the month in January. Non-Durable Goods Manufacturers added 900 jobs (0.8%) while their counterparts in Durable Goods added 700 jobs (0.3%).
Over the year Manufacturing employers added 9,369 jobs or 3.1%, the third-highest proportional growth of any supersector in the state, behind Leisure and Hospitality and Other Services.
Trade, Transportation, and Utilities employment was off by 500 (0.1%) in January. Retail Trade added 400 jobs (0.1%) while Wholesale lost 200 (0.2%), and Transportation, Warehousing, and Utilities lost 700 (0.6%).
On an annual basis the supersector lost 3,185 jobs or 0.6%, making it one of only four supersectors to post losses on the year. Retail Trade lost 6,145 jobs (2.2%), driving the decline, while Transportation, Warehousing, and Utilities employment was up 3,517 jobs (3.8%).
Information employment was up by 600 (1.4%) in January.
Over the year Information employers added 1,276 jobs or 3.1%. That is the highest annual growth the long-declining supersector has posted since March of 2001.
Employment in the Financial Activities supersector was up by 1,200 (0.6%) in January. Finance and Insurance added 1,000 jobs (0.6%) and Real Estate and Rental and Leasing added 200 (0.6%).
Employment was down over the year by 1,781 (0.9%). It was the largest annual decline of any supersector in the state. Finance and Insurance shed 3,144 jobs (2%) while Real Estate and Rental and Leasing lost 1,363 (4.2%).
Professional and Business Services added 3,600 jobs (1%) over the month in January. Professional, Scientific, and Technical Services added 1,900 jobs (1.2%), and Administrative and Support and Waste Management and Remediation Services added 2,200 (1.7%). Management of Companies shed 500 jobs (0.6%).
Over the year the supersector added 8,141 jobs (2.2%), although Management of Companies lost 178 jobs (0.2%). The Employment Services component, which is often viewed as a leading indicator for the larger labor market, added 2,729 jobs or 5.1%.
Employment in Educational and Health Services was up by 900 (0.2%) over the month in January. Educational Services added 600 jobs (0.9%) while Health Care and Social Assistance added 300 (0.1%).
Over the year the supersector shed 2,194 jobs (0.4%). Employment in Educational Services was up 2,727 (4.2%), but those gains were overwhelmed by declines in Health Care and Social Assistance which lost 4,921 jobs (1%). Nursing and Residential Care facilities, which are in the midst of a highly publicized struggle to find workers, drove the declines, off by 6,915 jobs (6.6%).
Leisure and Hospitality employment was up by 1,800 (0.7%) in January. It was the fourth consecutive month of seasonally adjusted growth for the supersector.
Over the year Leisure and Hospitality added 48,544 jobs (26.7%), which was the highest proportional growth in the state. Arts, Entertainment, and Recreation added 11,224 jobs (42.4%) while Accommodation and Food Services added 37,320 (24.1%).
Employment in Other Services was up by 1.1% (1,200 jobs) in January, their fourth consecutive month of seasonally adjusted growth.
On an annual basis employment in Other Services was up 8.9% (8,915 jobs). It was the second-largest proportional growth of any supersector in the state after Leisure and Hospitality, as Other Services employers continued to build back from pandemic-related losses.
Government employers added 1,100 jobs (0.3%) over the month in January. Local Government drove the growth, adding 1,100 jobs (0.4%) while Federal and State employers added and lost 100 jobs each, respectively.
Over the year Government employers added 4,802 jobs (1.2%). Both State and Federal employers posted negative growth (down 0.8% and 1.8%, respectively), but Local Government employers added 6,217 jobs or 2.3%.
