United States Employment Snapshot
In May, among the 50 states and the District of Columbia unemployment fell in 13, rose in 17, and remained unchanged in 21.
The highest unemployment rate was 5.3 percent in District of Columbia, and the lowest was 2 percent in North Dakota and South Dakota. Nationally, the unemployment rate rose by 0.1 percentage point to 4 percent.
In May, payroll jobs rose in 42 states and fell in 9. The largest payroll job percent increase was 0.9 percent in Idaho. The largest payroll job percent decline was 0.3 percent in Minnesota.
Minnesota Employment Snapshot
In May, Minnesota lost 8,600 net payroll jobs and the unemployment rate rose by 0.1 percentage point to 2.8 percent. In the prior month, Minnesota added 4,700 net payroll jobs.
Over the past 12 months, Minnesota added 34,700 net payroll jobs and the unemployment rate fell by 0.1 percentage point from 2.9 percent.
Nationally, nonfarm payrolls rose by 272,000 in May, or 0.2 percent. Minnesota is tied for 34th in the nation for percentage gain in nonfarm payroll employment over the past 12 months.
In May, Minnesota’s private sector lost 9,800 net private payroll jobs, and over the past 12 months it added 13,000 private payroll jobs. In the prior month, Minnesota added 6,100 net private payroll jobs.
In May, employment in Minnesota fell by 3,199, and over the past 12 months it fell by 6,246.
Minnesota’s labor force participation rate remained steady at 68 percent in May and ranks 5th in the nation. In the past 12 months, the labor force participation rate has fallen by 0.6 percentage points.
Minnesota Payroll Employment
Minnesota lost 8,600 net payroll jobs, or -0.3 percent, on a seasonally adjusted basis during May. In the prior month, Minnesota added 4,700 jobs. Minnesota nonfarm payroll employment has increased in 9 of the past 12 months.
Nationally, nonfarm payrolls rose by 272,000 in May, or 0.2 percent. Minnesota is tied for 34th in the nation for percentage gain in nonfarm payroll employment over the past 12 months.
Minnesota lost 9,800 private sector jobs, or -0.4 percent. on a seasonally adjusted basis during May. In the prior month, Minnesota added 6,100 jobs. Minnesota private sector payroll employment has increased in 8 of the past 12 months.
Nationally, private sector payroll jobs rose by 229,000 jobs in May, or 0.2 percent. Minnesota ranks 45th in the nation for percentage gain in private sector payroll employment over the past 12 months.
The best performing sectors on a seasonally adjusted basis during May were Education and Health Services (2,800) and Government (1,200).
The poorest performing sectors during the month were Manufacturing (-3,700) and Professional and Business Services (-9,300).
The best performing sectors during the last 12 months were Education and Health Services (30,200) and Government (21,700).
The poorest performing sectors during the last 12 months were Manufacturing (-4,300) and Professional and Business Services (-20,100).
Minnesota Labor Force
The labor force participation rate is the percentage of the civilian noninstitutionalized population age 16 and older who are employed or actively looking for work.
The labor force participation rate in Minnesota remained unchanged at 68 percent in May.
Minnesota ranks 5th in the nation.
The 10-year high for the labor force participation rate in Minnesota was 71 percent in July 2020, and the 10-year low was 67.1 percent in April 2020.
The national labor force participation rate fell by 0.2 percentage points to 62.5 percent in May.