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You are here: Home / News / MN employers eliminate 12,500 jobs in October, highest number since July 2011

MN employers eliminate 12,500 jobs in October, highest number since July 2011

November 17, 2016 By Bill Werner

Minnesota employers eliminated 12-thousand-500 jobs in October, the highest loss since July 2011. State Department of Employment and Economic Development Commissioner Shawntera Hardy says it’s “certainly a disappointment,” but notes overall the state still added over 30-thousand jobs in the past year. But Minnesota’s job growth rate remains below the national average. Meanwhile the state’s unemployment rate held steady at four percent in October. Among urban areas in Minnesota, Rochester has had the highest rate of job growth over the last 12 months, followed by Saint Cloud, the Twin Cities and Mankato. Duluth-Superior had a slightly negative job growth rate. All industries in Minnesota shed jobs last month except for financial services and government. Manufacturing dropped to its lowest employment level since November 2014.

 

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