Business Resource: Minnesota Employment Analysis
Annual Employment
(DEED) U.S. over-the-year job loss stood at 6.0% with the private sector down 6.1% in December.
All supersectors in Minnesota lost jobs in December over the year.
Annual job losses were still greatest in Leisure & Hospitality, down 43.7% or 116,429 jobs. Information was down 15.9% or 7,301 jobs, Other Services was down 13.5% or 15,499 jobs, Mining and Logging was down 11.4% or 694 jobs, and Government was down 8.4% or 36,152 jobs.
Four supersectors showed strength compared to the nation: Mining and Logging was down 11.4% in Minnesota compared to 11.8% nationwide. Manufacturing was down 3.3% compared to 4.2% nationwide. Trade, Transportation, and Utilities was down 1.7% compared to 2.4% nationwide, and Professional and Business Services was down 1.3% compared to 3.7% nationwide.
| December Over The Year (OTY) Employment Change By Industry Sector
(Not Seasonally Adjusted) |
|||
| OTY Job Change | OTY Growth Rate (%) | US OTY Growth Rate | |
| Total | -238,056 | -8.0% | -6.0% |
| Private | -201,904 | -7.9% | -6.1% |
| Logging & Mining | -694 | -11.4% | -11.8% |
| Construction | -4,694 | -3.9% | -1.7% |
| Manufacturing | -10,581 | -3.3% | -4.2% |
| Trade, Transport. & Utilities | -9,140 | -1.7% | -2.4% |
| Information | -7,301 | -15.9% | -8.8% |
| Financial Activities | -1,643 | -0.9% | -0.7% |
| Prof. & Business Services | -5,098 | -1.3% | -3.7% |
| Education & Health Services | -30,825 | -5.6% | -4.7% |
| Leisure & Hospitality | -116,429 | -43.7% | -22.7% |
| Other Services | -15,499 | -13.5% | -7.4% |
| Government | -36,152 | -8.4% | -5.5% |
Source: MN Department of Employment and Economic Development
https://mn.gov/deed/data/current-econ-highlights/state-national-employment.jsp
DEED monthly employment release Jan 2021- Click the link below to download:
DEC 2020 Employment Analysis_tcm1045-283140