Minnesota’s unemployment rate edged up one-tenth of a percent last month to 3.4 percent. State job analyst Steve Hine:
“That does follow four months of gains during which we added 7,000 jobs. So the decline is not too disconcerting unless it persists.”
In July Minnesota employers cut 13-hundred jobs. The biggest losses were in leisure and hospitality. Even with the slight increase, the state’s unemployment rate remains low and the labor force participation rate remains high at 70-percent.