Mankato Leads the Way in Job Growth as Unemployment Holds Steady
Minnesota’s unemployment rate holds steady for a fourth month in a row at 2.8%. The US unemployment rate for December was at 3.9%.
The Minnesota Department of Employment and Economic Development says the unemployment rate remains the lowest since May 1999 and is just above the all-time low of 2.5 % held in January and February 1999.
The Mankato Metropolitan Statistical Area once again had the highest over-the-year unadjusted growth in the state at 4.0%.
Following Mankato was Minneapolis-St. Paul MSA with 1.6% growth, Duluth with 1.1% growth and St. Cloud with 0.9% growth. Rochester MSA declined 0.2% since last December.
The state gained 500 jobs in December on a seasonally adjusted basis. Over the year, Minnesota has added 31,441 jobs.
Leisure and hospitality and construction once again led the gains with a combined 3,200 more jobs.
--KEYC NEWS 12