(KNSI) \u2013 Minnesota\u2019s job market hit a rough patch mid-summer, according to a report released on Thursday.<\/p>\n
The Minnesota Department of Employment and Economic Development says the state lost 4,000 jobs in July. Even more concerning, the unemployment rate surged by 0.2% to 3.5%, the highest level since the COVID-19 pandemic.<\/p>\n
Another red flag regarding the job market is the number of people who have given up finding a job because the hiring market has become softer in recent months. DEED notes the labor force participation rate ticked down to 68.1%.<\/p>\n
DEED Commissioner Matt Varilek says the results are likely a direct result of President Donald Trump\u2019s policies in Washington, D.C. \u201cWe may now be seeing results of mass federal layoffs and funding interruptions, erratic tariffs and shrinking immigration. He added a more positive spin, \u201cEven so, some of the favorable qualities about Minnesota\u2019s labor market remained consistent in July, with low unemployment, significant wage growth and high labor force participation.\u201d<\/p>\n
Job growth was seen in construction and education and health services. Government led the way in terms of decreases, shedding 1.2% of jobs.<\/p>\n
Locally, St. Cloud is the only metro area in the state to have experienced job losses over the past year. On a non-seasonally adjusted basis, St. Cloud payrolls have shrunk by 69 jobs, a 0.1% contraction. Rochester and Mankato are doing the best at 5.9% and 5.3% growth, respectfully. The Twin Cities, Duluth, and Moorhead job markets have all grown by less than 1%.<\/p>\n
___<\/p>\n
Copyright 2025 Leighton Media. All rights reserved. This material may not be broadcast, published, redistributed, or rewritten, in any way without consent.<\/p>\n","protected":false},"excerpt":{"rendered":"(KNSI) \u2013 Minnesota\u2019s job market hit a rough patch mid-summer, according to a report released on Thursday. The…\n","protected":false},"author":2,"featured_media":67046,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[84,35202,1371,1779,2186,101,56,54,55,1068],"class_list":{"0":"post-67045","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jobs","8":"tag-business","9":"tag-community-information","10":"tag-jobs","11":"tag-new","12":"tag-radio","13":"tag-sports","14":"tag-uk","15":"tag-united-kingdom","16":"tag-unitedkingdom","17":"tag-weather"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/67045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=67045"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/67045\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/67046"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=67045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=67045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=67045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}