Posted at 9:58 AM on December 15, 2011
by Paul Tosto
Filed under: Jobs and unemployment
Minnesota's jobless rate for November came in at 5.9 percent, much lower than the 8.6 percent U.S. rate. But this morning's data also reveals a troubling reality: Minnesota's job growth over the past year is lagging badly behind the nation.
State Department of Employment and Economic Development data this morning show only .3 percent year-over-year job growth in Minnesota compared to 1.2 percent growth in the nation since November last year.
Here's a breakdown by industry of Minnesota and U.S. job growth from November to November.
State officials acknowledge the state has "lost 22,900 jobs over the past three months, even while the unemployment rate was falling from 7.2 percent to 5.9 percent during that period." They say it's difficult to draw conclusions at this point.