Wilkin County’s unemployment rate for May was lower than that of the state of Minnesota.
Unemployment in Minnesota is holding at 3.3 percent according to the Minnesota Department of Employment and Economic Development (DEED). Wilkin County’s unemployment rate for May was at 2.7 percent, not seasonally adjusted according to statistics on the DEED website.
This percentage is less than that for April, which was at 3.4 percent. Minnesota’s seasonally adjusted unemployment rate remained steady at 3.3 percent in May, according to DEED, while the United States unemployment rate was at 3.6 percent.
Minnesota gained 100 jobs in May, according to figures released on June 20.
“Steady unemployment suggested that the Minnesota workforce is operating near its capacity,” DEED Commissioner Steve Grove stated. “The tight labor market continues to represent a major challenge to Minnesota’s job growth.”
Five major industry sectors gained jobs over the month in May. These include professional and business services, which went up 1,800 jobs, followed by education and healthcare, which went up 700 jobs. Construction jobs also went up 700, while trade, transportation and utilities went up 600 jobs and information went up 100 jobs.
Construction leads the other sectors over the year, adding 7,443 jobs, DEED continued.
Five sectors lost jobs over the month.
Manufacturing lost 1,200 jobs, with leisure and hospitality losing 1,000 jobs. Other services were down 800 jobs, with financial activities down 500 jobs. Government lost 300 jobs.
Mining and logging held steady throughout the month of May, DEED stated.