By Nick Dobbins
June 2022
Monthly analysis is based on seasonally adjusted employment data.
Yearly analysis is based on unadjusted employment data.
Employment in Minnesota was up 6,600 (0.2%) over the month in May. It was the eighth consecutive month of seasonally adjusted growth in the state. Private sector employment was up 7,500 (0.3%).
On an annual basis Minnesota employment was up by 73,017 (2.6%). Goods producers added 17,740 jobs (3.9%), and service providers added 55,277 (2.3%). Private sector employers added 73,523 jobs, (3%), while public sector employers lost 506 jobs (0.1%).
Employment in Mining and Logging was flat over the month in May, holding at a seasonally adjusted 6,600 jobs.
Over the year the supersector lost 91 jobs or 1.4%. It was the second consecutive month of negative annual growth, following 12 consecutive months of positive growth.
Construction employers added 4,100 jobs (3.2%) over the month in May. It was the largest seasonally adjusted growth of any supersector in the state in both real and proportional terms. The growth marks a rebound from April's loss of 800 jobs.
On an annual basis construction employers added 1,135 jobs (0.8%). Heavy and Civil Engineering led the growth, adding 1,755 jobs (8.4%), while Specialty Trade Contractors lost jobs on the year, off by 865 or 1%. Employment in Construction of Buildings was up by 245 or 0.9%.
Employment in Manufacturing was up by 1,100 (0.3%) over the month in May. Both component sectors added jobs, with Durable Goods up 600 (0.3%) and Non-Durable Goods up 500 (0.4%). It was the eighth consecutive month of seasonally adjusted growth for the supersector.
Over the year Manufacturing employment was up by 16,696 or 5.4%. It had the second largest real and proportional growth of any supersector, trailing only Leisure and Hospitality. Durable Goods employers added 9,703 jobs (4.9%), and Non-Durable Goods employers added 6,993 (6.3%).
Trade, Transportation, and Utilities employment was up by 300 (0.1%) over the month in May. Wholesale Trade drove the growth, adding 1,000 jobs (0.8%) while Transportation, Warehousing, and Utilities added 100 (0.2%), and Retail Trade lost 800 jobs (0.3%).
On an annual basis the supersector added 6,825 jobs (1.3%). The lion's share of the growth came in Transportation, Warehousing, and Utilities, which added 6,694 jobs or 6.5% with most of that growth coming in Transportation and Warehousing. Wholesale Trade employment was up by 205 (0.2%) while Retail Trade employment was off by 74 (0.0%).
Employment in Information was down by 100 (0.2%) over the month in May, after adding 400 jobs in March and remaining flat in April.
Over the year Information employers added 1,258 jobs or 3%. The long-declining supersector has now posted positive annual growth in six consecutive months.
Employment in Financial Activities was up by 100 (0.1%) over the month in May. Real Estate and Rental and Leasing was up 200 (0.6%) while Finance and Insurance was down by 100 (0.1%).
Over the year the supersector added 1,195 jobs (0.6%). Real Estate and Rental and Leasing drove the growth here as well, adding 2,112 jobs (6.2%) while their counterparts in Finance and Insurance lost 917 jobs (0.6%).
Professional and Business Services employers added 2,500 jobs (0.7%) over the month in May. Professional, Scientific, and Technical Services added 1,500 jobs (0.95), and Administrative and Support and Waste Management and Remediation Services added 1,100 (0.8%) while Management of Companies was off by 100 jobs (0.1%).
On an annual basis employment in Professional and Business Services was up 12,264 or 3.3%. Professional, Scientific, and Technical Services added 7,753 jobs (4.9%). Administrative and Support and Waste Management and Remediation Services added 4,896 jobs (3.8%) with growth of 3.6% (2,056 jobs) in Employment Services. Management of Companies lost 385 jobs (0.4%).
Employment in Educational and Health Services was up by 3,200 (0.6%) in May. Health Care and Social Assistance employment was up by 2,300 (0.5%), the fourth straight month of seasonally adjusted growth for the sector. Educational Services was up by 900 jobs (1.3%).
Over the year the supersector added 4,439 jobs (0.8%). Educational Services was up 4,714 jobs (6.9%), and Health Care and Social Assistance lost 275 jobs (0.1%). Nursing and Residential Care Facilities continued to weigh down growth in the larger sector, off by 5,166 jobs (5%) over the year.
Leisure and Hospitality employment was off by 4,300 jobs (1.7%) in May. It was the largest seasonally adjusted decline of any supersector in the state. It was the first time since September that the supersector posted negative monthly growth.
On an annual basis growth remained stronger than any other supersector in the state in both real and proportional terms, adding 25,564 job or 11.1%. While annual growth remains very strong, it is not as strong relative to other supersectors as it was earlier in the year. Over-the-year growth has slowed in each of the last five months and is down from January's 26.5%.
Employment in Other Services was up by 600 (0.6%) over the month in May. The supersector added 1,400 jobs in the past two months after losing 1,200 in February and March combined.
Over the year Other Services employers added 4,238 jobs (4%). Repair and Maintenance lost jobs (down 815 or 2.8%) but employment was buoyed by Personal and Laundry Services (up 950 or 3.8%) and Religious, Grantmaking, Civic, Professional, and Similar Organizations (up 4,103 jobs or 7.1%).
Government employers lost 900 jobs (0.2%) over the month in May. Local Government employers lost 600 jobs (0.2%), and Federal employers lost 300 (0.9%) while State Government employment remained stable at 96,900.
Over the year Government employers lost 506 jobs (0.1%). It was one of only two supersectors, with Mining and Logging, to post negative annual growth. Federal employment was down by 957 (2.9%), and State employment was down 615 (0.6%), while Local Government employers added 1,066 jobs (0.4%) with all of that growth coming in Local Educational Services (up 1,344 or 1%).
