by Nick Dobbins
November 2022
Monthly analysis is based on seasonally adjusted employment data.
Yearly analysis is based on unadjusted employment data.
Employment was up by 17,400 (0.6%) on a seasonally adjusted basis in October. This was the largest real over-the-month growth in the state since July of 2021. Private sector employers added 17,400 jobs (0.7%), while public sector employment was flat.
Annually the state added 102,931 jobs (3.6%). Goods producers added 17,146 jobs (3.7%) while service providers added 85,785 (3.6%). Ten of 11 published supersectors added jobs on the year.
Employment in Mining and Logging was flat over the month of October on a seasonally adjusted basis as the supersector held at 6,300 jobs, which is down from the 2022 high of 6,800 jobs, in March.
Over the year the supersector lost 340 jobs (5%). It was the only published supersector to post negative annual growth.
Construction employment was flat in October remaining at 132,300 jobs after increasing by 1,100 jobs in September.
On an annual basis Construction employers added 2,916 jobs (2.1%), with growth in all three published component sectors. Building Construction added 763 jobs (2.6%), Heavy and Civil Engineering added 1,204 jobs (5.2%), and Specialty Trade Contractors added 949 (1.1%). Annual growth was up from 1% in September, after having been in negative growth in July and August.
Employment in Manufacturing was up 1,300 (0.4%) on a seasonally adjusted basis in October. Durable Goods Manufacturing was up 800 (0.4%), and Non-Durable Goods was up 500 (0.4%).
On the year Manufacturing employers added 14,570 jobs (4.6%), the third-largest proportional growth of any supersector in the state, trailing only Leisure and Hospitality and Professional and Business Services. Durable Goods Manufacturing was up 11,882 (5.9%) while their counterparts in Non-Durable Goods added 2,688 jobs (2.3%).
The Trade, Transportation, and Utilities supersector added 1,400 jobs (0.3%) over the month in October. The growth was primarily in Transportation, Warehousing, and Utilities, which added 1,500 jobs (1.4%). Wholesale Trade added 300 jobs (0.2%) while Retail Trade lost 400 (0.1%).
On an annual basis the supersector added 11,134 jobs (2.2%). The largest growth was in Transportation, Warehousing, and Utilities, which was up 4.5% (4,789 jobs). Wholesale Trade was up 2.1% (2,581 jobs), and Retail Trade was up 1.3% (3,764 jobs).
Information employment was flat in October, holding steady at a seasonally adjusted 43,300 jobs, which is up 100 jobs from the beginning of the year.
On an annual basis Information employers added 342 jobs (0.8%). However, both published component sectors posted negative growth, with Publishing Industries (except Internet) losing 438 jobs or 2.5% and Telecommunications losing 153 jobs or 1.6%.
Employment in Financial Activities was up 800 (0.4%) in October. All of that growth came in Finance and Insurance (up 0.5%) as employment in Real Estate and Rental and Leasing was flat.
Over the year Financial Activities employment was up 351 (0.2%). Real Estate and Rental and Leasing added 1,250 jobs (3.6%). That growth was countered by a loss of 899 jobs (0.6%) in Finance and Insurance employment.
Professional and Business Services employment was up 4,300 (1.1%) over the month in October. There was growth in all three component sectors, but it was led by Administrative and Support and Waste Management and Remediation Services, which added 3,800 jobs or 2.8%.
On an annual basis the supersector added 22,717 jobs or 6%. This was the second-highest proportional growth of any supersector in the state, trailing only Leisure and Hospitality. While all three component sectors posted positive growth, Administrative and Support and Waste Management and Remediation Services added 11,820 jobs or 9%. Component Employment Services, which is watched as a possible leading indicator of the labor market, added 4,264 jobs or 7.2%.
Employment in Educational and Health Services was up 700 (0.1%) in October. Health Care and Social Assistance added 1,800 jobs (0.4%), while Educational Services lost 1,100 jobs (1.5%).
Over the year the supersector added 21,456 jobs or 4%. Educational Services added 4,534 jobs (6.4%), and Health Care and Social Assistance added 16,922 (3.6%). Employment in Nursing and Residential Care Facilities was up by 218 or 0.2%. Employers in this sector have experienced significant difficulties hiring recently, and this is the first time the sector has posted annual job growth since early 2020.
Leisure and Hospitality employers added 8,800 jobs (3.5%) on a seasonally adjusted basis in October. Arts, Entertainment, and Recreation added 4,300 jobs (9.9%), and Accommodation and Food Services added 4,500 (2.2%).
Over the year the supersector added 21,726 jobs or 9.2%. This was the highest proportional growth of any supersector in the state. Employment in the highly seasonal Arts, Entertainment, and Recreation sector was up 24% or 9,203 jobs, while Accommodation and Food Services, which makes up the much larger portion of the supersector, was up 6.3% (12,523 jobs).
Employment in Other Services was up by 100 (0.1%) over the month in October after losing 700 jobs (0.6%) in September.
On the year Other Services employers added 3,813 jobs, or 3.6%. Religious, Grantmaking, Civic, Professional and Similar Organizations drove the growth, adding 2,926 jobs or 5%. Personal and Laundry Services added 823 jobs (3.3%), and Repair and Maintenance added 64 jobs (0.3%).
Government employment was flat in October, holding at 407,000 jobs. State employers added 200 jobs (0.2%), Local employers lost 200 (0.1%), and Federal level employment was flat.
Over the year the supersector added 4,246 jobs (1%). Local employers added 4,674 jobs (1.7%) with growth in both educational and non-educational component sectors. State employers added 202 jobs (0.2%) while Federal employers lost 630 jobs (2%) in large part from a loss of 472 jobs (4%) in the U.S. Postal Service.
| Minnesota Seasonally Adjusted Nonagricultural Wage and Salary Employment (in thousands) | |||
|---|---|---|---|
| Industry | Sep-22 | Aug-22 | Jul-22 |
| Total Nonfarm | 2954.5 | 2937.1 | 2934 |
| Goods-Producing | 468.9 | 467.6 | 465.3 |
| Mining and Logging | 6.3 | 6.3 | 6.3 |
| Construction | 132.3 | 132.3 | 131.2 |
| Manufacturing | 330.3 | 329 | 327.8 |
| Service-Providing | 2485.6 | 2469.5 | 2468.7 |
| Trade, Transportation, and Utilities | 519.8 | 518.4 | 516.2 |
| Information | 43.3 | 43.3 | 43.8 |
| Financial Activities | 191 | 190.2 | 191.2 |
| Professional and Business Services | 395.5 | 391.2 | 389.5 |
| Educational and Health Services | 558.5 | 557.8 | 554 |
| Leisure and Hospitality | 260.3 | 251.5 | 251.7 |
| Other Services | 110.2 | 110.1 | 110.8 |
| Government | 407 | 407 | 411.5 |
| Source: Department of Employment and Economic Development, Current Employment Statistics, 2021. | |||
