Minnesota state officials are getting ready to announce how the state’s economy performed in June. The Department of Employment and Economic Development is releasing the June unemployment rate Thursday morning. June’s numbers will follow an April and May in which the jobless rate stayed unchanged at 5.3 percent.
Minnesota’s unemployment rate is unchanged in May compared to the previous month, as employers added 8,400 jobs. That’s according to the state Department of Employment and Economic Development.
College students graduating and entering the job market said it’s tough to find work right now. Katie Roehl graduated in May from the University of Minnesota with a degree in communications. “I’m really open to anything right now,” Roehl said.
The U.S. economy added 175,000 jobs in May, a gain that shows employers are hiring at a still-modest but steady pace despite government spending cuts and higher taxes. The unemployment rate rose to 7.6 percent from 7.5 percent in April.
Minnesota lost 11,400 jobs in April, and state officials are attributing part of the drop to the persistent wintry weather. The Department of Employment and Economic Development says the cold, snowy April slowed hiring in seasonally sensitive sectors including construction, leisure and hospitality, and local government. The biggest job losses were in trade, transportation and utilities.
Minnesota released its April unemployment report on Thursday and while the state’s jobless rate dropped to a seasonably adjusted 5.3 percent, employers eliminated more than 11,000 jobs last month.
A budget bill approved Wednesday in the House would temporarily chop the rates to produce savings to businesses of $346 million over the next two years. The tax is based on the wages paid at for-profit companies.
A new report shows the unemployment rate for young adults in Minnesota is exceedingly high and is about twice the state overall average.
Minnesota’s unemployment rate dropped slightly in March over the previous month, but state officials say that’s largely because more people stopped looking for work.
Minnesota is reporting another month of increased job postings, saying that February saw 14,500 total jobs added to the numbers.
Unemployment rates increased in all 72 Wisconsin counties from December to January.
When it comes to the automatic spending cuts that began taking effect this month, federal lawmakers spared programs that serve the nation’s most vulnerable — such as food stamps, Medicare, Medicaid and veterans’ assistance — from hard hits.
Minnesota’s unemployment rate ticked up slightly in January but state officials say the state has more than 12,000 new jobs compared to a year earlier.
Whether tax increases kill jobs is one of the longest running arguments in politics. It’s about to get tested in a big way in Minnesota.
Minnesota added 9,100 jobs in December, bringing unemployment rates in the state down to levels not seen since before the financial crisis of 2008.