5/23/2018 10:00:00 AM
Minnesota’s unemployment rate for April remained a steady 3.2 percent although the state lost 3,200 jobs.
The March figures were revised from 2,900 jobs gained to 400. Over the past year, the state has gained 11,659 jobs, an increase of 0.4 percent.
Sector details:
A quick read of unofficial estimates from the Current Population Survey reveals how these tightening labor market conditions are improving the employment conditions for Minnesota’s black population. In April, the 12-month average unemployment rate for blacks fell to 6.8% (from 7.0% in March). While this remains well above the comparable rate for whites at 2.7%, we’ve hit another all-time low (dating back to 2000) for this population.
The labor force participation rate for blacks also increased again to 73.0 percent – well up from the comparable rate of 65 percent a year ago – and 1.5 points higher than the rate for whites. Considering this increasing rate of participation, the continued decline in unemployment is even more notable.
All regions except Rochester registered unadjusted over-the-year growth:
In 2018, WalletHub concluded that Minnesota is the best state for women to live and work. Despite the recognition, an obstinate gender pay gap exists across the state.
According to data from the Census Bureau's American Community Survey, the unadjusted earnings ratio in Minnesota, or women's earnings as a percent of men's, was approximately 72 percent in 2016. By industry, the earnings ratio ranges from 51 percent in the agriculture, forestry, fishing and hunting sector to 89 percent in real estate, rental and leasing.
Overall, the gender pay gap is even larger in Northwest Minnesota, where the earnings ratio was approximately 66.4 percent in 2016. However, there are many ways to examine this. Industry sector, hours worked, level of education, and occupation can each contribute to the gender pay gap, positively or negatively.
Among full-time, year-round workers in Northwest Minnesota, a gender pay gap exists in every regional industry, although it varies from sector to sector.
See the Northwest Region’s Local Look.
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