by Nick Dobbins
July 2023
Monthly analysis is based on seasonally adjusted employment data.
Yearly analysis is based on unadjusted employment data.
Minnesota employment was down over the month in June on a seasonally adjusted basis, as employers shed 4,300 jobs (0.1%). The decline came after two months of seasonally adjusted growth. Private sector employment was off by 6,500 (0.3%) in June.
Over the year the state added 70,808 jobs (2.4%), matching the national yearly growth. Goods producers added 5,897 jobs (1.2%), and service providers added 64,911 (2.6%).
Employment in Mining and Logging was flat over the month in June, holding at a seasonally adjusted 6,500 jobs. Save for a small uptick in April, employment in the supersector has been at the same level for every month of 2023.
On an annual basis Mining and Logging employment was up 231 or 3.6%. This was an improvement from May, when over the year employment growth was at -0.6%.
Construction employers added 600 jobs (0.4%) over the month in June. The supersector has posted growth in every month of 2023 except for March. Overall, seasonally adjusted employment was up 4,400 so far in 2023.
Over the year Construction employers added 4,209 jobs (2.9%). Heavy and Civil Engineering construction drove the growth, with the component sector adding 2,302 jobs or 10.5%. Specialty Trade Contractors added 2,158 jobs (2.3%), while Construction of Buildings was down by 251 (0.8%).
Employment in Manufacturing was down by 2,300 (0.7%) in June. Durable Goods employers lost 1,200 jobs (0.6%), and Non-Durable Goods employers lost 1,100 (1%).
Over the year the supersector added 1,457 jobs or 0.4%. The growth came entirely among Durable Goods manufacturers, which added 2,201 jobs (1.1%), with Fabricated Metal Product Manufacturing adding 1,332 jobs (3%). Non-Durable Goods manufacturers lost 744 jobs (0.6%), with component Animal Slaughtering and Processing driving the declines, off by 787 jobs or 4.4%.
Trade, Transportation, and Utilities employment was up by 1,200 (0.2%) over the month in June. Retail Trade added 1,300 jobs (0.5%) and Transportation, Warehousing, and Utilities added 400 (0.3%), while Wholesale Trade was off by 500 (0.4%).
On an annual basis the supersector added 8,143 jobs (1.5%), outpacing the national growth of 0.8%. Wholesale Trade employment was down, shedding 1,663 jobs (1.3%), but that loss was countered by the addition of 5,121 jobs (1.8%) in Retail Trade and 4,685 jobs (4.2%) in Transportation, Warehousing, and Utilities.
Employment in Information was up by 200 (0.4%) in June. It was the first seasonally adjusted monthly growth in the supersector since March.
Over the year Information employers added 1,426 jobs (3.2%), well above the national rate of 0.1%. The growth came primarily outside of the published component sectors (Publishing and Telecommunications), which added a combined 104 jobs.
The Financial Activities supersector added 800 jobs (0.4%) over the month in June. Finance and Insurance employment was up 600 (0.4%), and Real Estate and Rental and Leasing was up 200 (0.6%).
Over the year the supersector lost 687 jobs (0.4%). It was the only supersector in Minnesota to post negative annual growth in June. Finance and Insurance employers lost 1,093 jobs (0.7%), while Real Estate and Rental and Leasing employment was up by 406 (1.1%).
Professional and Business Services employment was down by 2,500 (0.6%) in June. Administrative and Support and Waste Management and Remediation Services drove the declines, shedding 2,000 jobs (1.5%). Professional, Scientific, and Technical Services was down 700 (0.4%), while Management of Companies employment was up by 200 (0.2%).
On the year the supersector added 2,940 jobs (0.8%), with growth in all three published component sectors. Administrative and Support and Waste Management and Remediation Services had the largest growth, adding 1,681 jobs or 1.3%. Employment Services was up 219 (0.4%).
Employment in Educational and Health Services was up by 100 (0.0%) over the month in June. Health Care and Social Assistance added 600 jobs (0.1%), while Educational Services lost 500 jobs (0.7%).
Over the year the supersector added 24,090 jobs (4.5%), the second-largest proportional growth of any supersector in the state, trailing only Leisure and Hospitality. Educational Services added 5,673 jobs (9.1%), and Health Care and Social Assistance added 18,417 (3.9%). Nursing and Residential Care Facilities, which had been struggling to add workers in 2022, added 5,401 jobs (5.4%) over the year as they continued to build up staff levels.
Employment in Leisure and Hospitality was down by 5,300 (1.9%) in June. It was the worst monthly growth of any supersector in the state. Arts, Entertainment, and Recreation was down 1,200 (2.4%), and Accommodation and Food Services was down 4,100 (1.8%).
Over the year Leisure and Hospitality employers added 14,212 jobs or 5.2%. While it remained the highest proportional annual growth of any supersector, it was down from 7.1% in May as growth in the supersector continued to level off in its long recovery from the fallout of the recent pandemic.
Other Services employers added 700 jobs (0.7%) over the month of June. This was the highest proportional growth rate of any supersector in the state. It was the third consecutive month of seasonally adjusted growth from the supersector.
Over the year employment in Other Services was up by 1,999 jobs or 1.8%. All three component sectors added jobs on the year. Repair and Maintenance had the highest proportional growth, up 2.6% or 576 jobs.
Government employers added 2,200 jobs (0.5%) in June. There was growth at all three levels of government, but Local Government employers added the most jobs, up 1,800 or 0.6%.
Over the year Government employers added 12,788 jobs or 3.8%. Local Government employers added 11,406 jobs (4%), with non-education employers adding 8,346 of those jobs. Federal employers added 1,196 jobs (3.8%), and State employers added 186 (0.2%).
| Minnesota Seasonally Adjusted Nonagricultural Wage and Salary Employment (In Thousands) | |||
|---|---|---|---|
| Industry | Jun-23 | May-23 | Apr-23 |
| Total Nonfarm | 2981.6 | 2985.9 | 2979 |
| Goods-Producing | 467.3 | 469 | 467.2 |
| Mining and Logging | 144 | 143.4 | 141.2 |
| Construction | 137.5 | 136.9 | 134.5 |
| Manufacturing | 323.3 | 325.6 | 326 |
| Service-Providing | 2514.3 | 2516.9 | 2511.8 |
| Trade, Transportation, and Utilities | 532.4 | 531.2 | 531.6 |
| Information | 46.3 | 46.1 | 46.5 |
| Financial Activities | 190.6 | 189.8 | 189.9 |
| Professional and Business Services | 387.6 | 390.1 | 387.5 |
| Educational and Health Services | 562.9 | 562.8 | 561.5 |
| Leisure and Hospitality | 267.3 | 272.6 | 272.5 |
| Other Services | 108.2 | 107.5 | 107 |
| Government | 419 | 416.8 | 415.3 |
| Source: Department of Employment and Economic Development, Current Employment Statistics, 2023. | |||
