Friday, 17 August, 2018

Minnesota unemployment rate at 3.8 percent in August

Minnesota Cuts 6600 Jobs In August Washington unemployment rises to 4.6 percent in August as more job seekers join labor market
Ben Pena | 14 September, 2017, 23:58

The report showed that the state lost 6600 jobs during the month but over the past year Minnesota has seen a 1.7 percent gain.

"Kentucky's construction labor market has shown strong growth this year, increasing by 8.3 percent from a year ago", Bollinger said. Over the past year, Minnesota has gained 49,695 jobs, an increase of 1.7 percent.

Preliminary jobs numbers for September and revised August data will be announced on October 19. The U.S. unemployment rate was 4.4 percent in August.

From August 2016 through August 2017, 11 of the state's 13 industry sectors added jobs. Other sectors gaining jobs are construction (up 7,247), leisure and hospitality (up 5,628), trade, transportation and utilities (up 5,538), professional and business services (up 4,263), government (up 4,040), manufacturing (up 3,084), other services (up 2,852), and logging and mining (up 720).

Billions more barrels of oil possible from Azerbaijan
Azeri President Ilham Aliyev said the remaining oil reserves of the ACG oilfields stood at 500 million tonnes. It is subject to ratification by the Parliament (Milli Majlis) of the Republic of Azerbaijan.

The sectors showing the largest job growth in IL last month were: trade, transportation and utilities; education and health services; and construction. The private sector grew by 2.5 percent or 67,200 jobs, and the public sector increased by 2.9 percent, adding 15,800 jobs.

In the past year, education and health services has added the most jobs (up 17,280). The U-6 rate considers not only the unemployed population in the official U-3 unemployment rate, but also "the underemployed and those not looking but wanting a job".

The state rate has inched above the federal figure for the first time since December, when both stood at 4.7 percent.

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