by Nick Dobbins
July 2022
Monthly analysis is based on seasonally adjusted employment data.
Yearly analysis is based on unadjusted employment data.
Employment growth in Minnesota was slow on a seasonally adjusted basis in June, as the state's employers added 100 jobs (0.0%). Service providers added 600 jobs (0.0%) while goods producers lost 500 (0.1%).
On an annual basis state employment was up by 3.2% (91,421 jobs). Private sector employers added 91,766 jobs (3.7%) while public sector employers lost 345 jobs (0.1%).
Employment in Mining and Logging was up by 100 (0.0%) over the month in June on a seasonally adjusted basis. This brought total employment back up to 6,700, the same level it was at in January of this year.
Over the year the supersector added 207 jobs (3.1%), roughly matching the total nonfarm employment growth of 3.2%.
Construction employment was down by 300 (0.2%) over the month in June, following seasonally adjusted growth of 4,400 jobs in May.
Over the year Construction employment was mostly flat, adding 59 jobs (0.0%). Only one supersector performed worse on an annual basis, Government, which was down 0.1%. The small positive annual growth was an improvement over April's over-the-year decline of 4.4%.
Employment in Manufacturing was down by 300 (0.1%) over the month in June. The loss came entirely in Non-Durable Goods Manufacturing, which shed 300 jobs (0.3%) while employment in Durable Goods Manufacturing held steady at 208,500.
Over the year Manufacturing employers added 17,266 jobs or 5.5%. It was the third-highest proportional growth of any supersector in the state, trailing only Leisure and Hospitality and Other Services, both of which are still recovering from steep pandemic-related losses. Durable Goods employers added 10,270 jobs (5.1%) while Non-Durable Goods employers added 6,996 (6.2%).
Trade, Transportation, and Utilities employers lost 1,300 jobs (0.3%) over the month in June. The decline was entirely in Transportation, Warehousing, and Utilities, which shed 1,500 jobs (1.4%). Retail Trade added 200 jobs (0.1%), and Wholesale Trade employment was flat.
On an annual basis employment in Trade, Transportation, and Utilities was up 5,028 or 1%. Wholesale Trade employment was off by 303 (0.2%), but that loss was more than offset by gains of 2,121 (0.7%) and 3,210 (3.1%) in Retail Trade and Transportation, Warehousing, and Utilities, respectively.
Employment in Information was up by 500 (1.2%) in June. So far the supersector has added 1,200 jobs on a seasonally adjusted basis in 2022, despite being in the midst of a long-term declining trend.
Over the year Information employers added 1,767 jobs (4.2%). That growth came primarily in non-published component sectors, as Telecommunications lost 209 jobs (2.2%), and Publishing Industries (Except Internet) added 99 (0.6%).
Financial Activities employment was flat in June, holding at 192,300. Both published component sectors, Finance and Insurance and Real Estate and Rental and Leasing, posted zero growth as well.
On an annual basis, the supersector added 1,656 jobs (0.9%). Real Estate and Rental and Leasing added 2,032 jobs (5.9%), while Finance and Insurance lost 376 jobs (0.2%).
Professional and Business Services employers shed 1,700 jobs (0.4%) over the month in June. Most of that loss came in Administrative and Support and Waste Management and Remediation Services, which lost 2,500 jobs (1.9%). Management of Companies lost 100 jobs (0.1%), and Professional, Scientific, and Technical Services added 900 (0.5%).
Over the year the supersector added 16,883 jobs or 4.5%. Professional, Scientific, and Technical Services added 10,107 jobs (6.4%), Management of Companies added 284 (0.3%), and Administrative and Support and Waste Management and Remediation Services added 6,492 (5%). The component Employment Services sector was up 5.2% or 2,844 jobs.
Educational and Health Services employment was up by 500 (0.1%) over the month in June. Educational Services added 600 jobs (0.8%) while Health Care and Social Assistance lost 100 (0.0%).
On an annual basis the supersector added 13,802 jobs or 2.6%. Educational Services added 11,348 jobs (19.1%) while Health Care and Social Assistance added 2,454 (0.5%). Over-the-year growth in Nursing and Residential Care Facilities, which has been struggling to fill vacancies, improved from -4.8% in May to -4.4% in June, their third consecutive month of annual improvement.
Employment in Leisure and Hospitality was up by 400 (0.2%) in June on a seasonally adjusted basis. Arts, Entertainment, and Recreation added 2,500 jobs (6%) while Accommodation and Food Services lost 2,100 (1%), the second consecutive monthly decline in a sector that had not previously posted losses since December of 2020.
On an annual basis Leisure and Hospitality employers added 28,530 jobs or 11.8%, which was the largest annual growth of any supersector in the state. Arts, Entertainment, and Recreation added 9,680 jobs (23%) while Accommodation and Food Services added 18,850 (9.5%).
Other Services employment was up 1,700 (1.6%) over the month in June, the third consecutive month of growth for the supersector.
Over the year Other Services employment was up by 6.2% (6,568 jobs), the second-largest proportional growth of any supersector in the state, trailing only Leisure and Hospitality.
Employment in Government was up by 500 (0.1%) over the month in June on a seasonally adjusted basis. The growth came entirely at the Local Government level, which was up 900 (0.3%). State employment was flat, and Federal employers lost 400 jobs (1.3%).
Over the year Government employers lost 345 jobs or 0.1%. It was the only supersector in the state to post negative annual growth. Federal employers lost 1,156 jobs (3.5%), and State employers lost 1,264 (1.3%), while Local employers added 2,075 jobs (0.7%).
