Wilkin County unemployment rate is dropping

The Minnesota Department of Employment and Economic Development (DEED) announced that the seasonally adjusted unemployment rate for December 2018 remained at 2.8 percent for the fourth straight month.

The decline in the education and health care services sector marks the second month in a row, since 1991 for negative annual job growth in the state of Minnesota.

The Minnesota Department of Employment and Economic Development (DEED) announced that the seasonally adjusted unemployment rate for December 2018 remained at 2.8 percent for the fourth month in a row.

Comparatively, in November, Wilkin County’s unemployment rate, on a non seasonally adjusted unemployment basis, was at 2.2 percent with Traverse and Otter Tail County at 2.8 percent.

500 jobs were reportedly gained in December. DEED previously announced that 800 jobs had been lost in November. However, that number had been adjusted downward to 1,000 jobs lost.

31,441 jobs have been added over the past year in Minnesota, with a 1.1 percent increase over last December. A gain of 28,960 jobs or 1.2 percent increase was seen in the private sector.

Nationally, the total non-farm jobs rose 1.8 percent and in the private sector by 2 percent.

In December, seven of the eleven major sectors gained jobs with four decreasing. Leading the gains was again, leisure and hospitality with ad increase of 2,100 jobs. Construction followed with a 1,100 increase, manufacturing and other services both up 500, trade, transportation, and utilities up 200, and logging and mining with an increase of 100 jobs.

The four sectors with measured losses were professional and business serves down 2,600, financial activities down 900, education and health care services down 700, and government down 100.

The decline in the education and health care services sector marks the second month in a row, since 1991 for negative annual job growth.

The not seasonally adjusted unemployment rate in Minnesota increased from 2.2 percent in November to 3.2 percent in December. That is a .7 percent decrease from December 2017. Nationally, seasonally adjusted unemployment rose from 3.5 percent in November to 3.7 percent in December, compared to 3.9 percent in December 2017.

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