Business Resource: Minnesota Employment Analysis
(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|
|Logging & Mining||-694||-11.4%||-11.8%|
|Trade, Transport. & Utilities||-9,140||-1.7%||-2.4%|
|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%|
Source: MN Department of Employment and Economic Development
DEED monthly employment release Jan 2021- Click the link below to download:
DEC 2020 Employment Analysis_tcm1045-283140