Minnesota
Minnesota Gains 11,000 Jobs and 3,000 Workers in March
ST. PAUL — Minnesota posted strong job and labor force growth in March, according to information released today by the Minnesota Department of Employment and Economic Development.
The state gained an estimated 11,000 jobs in the last month on a seasonally adjusted basis, up 0.4%, with the private sector up roughly 8,000 jobs, up 0.3%. Minnesota’s labor force increased by an estimated 3,000 people over the month, bumping the labor force participation rate up one-tenth of a percent to 68.0%. The unemployment rate remained steady at 2.7%.
“March was a great month all around for Minnesota employers and workers,” said DEED Commissioner Matt Varilek. “Our strong job and labor force growth shows that Minnesota’s economy continues to provide great opportunities for Minnesota residents as well as those who would like to call Minnesota home.”
Five supersectors in Minnesota gained jobs on a seasonally adjusted basis since the prior month, including, most notably, Leisure & Hospitality up 5,000 jobs, Government up 3,000 jobs, Education & Health Services up 2,800 jobs and Construction up 2,700 jobs. Six supersectors stayed steady or lost jobs but the losses were small in comparison to the large gains in other sectors.
“Key labor market indicators are trending positive,” said DEED’s Labor Market Information Director Angelina Nguyễn. “In short, more people are employed, and wage growth is outpacing inflation.”
Over the year, Minnesota gained 47,508 jobs, up 1.6%, with the private sector up 23,161 jobs or 0.9%.
In Minnesota six supersectors posted annual growth, including Education & Health Services up 24,552 jobs, Government up 24,347 jobs, Leisure & Hospitality up 10,990 jobs and Trade, Transportation & Utilities up 8,153 jobs. Five supersectors lost jobs over the year in Minnesota including Professional & Business Services, down 13,900 jobs, Financial Activities down 5,579 jobs and Manufacturing down 3,195 jobs.
Over the year, U.S. employment grew 1.9% with the private sector up 1.7%. Over the month, U.S. employment increased by 0.2%, with the U.S. private sector also up 0.2%. Over the month, the national unemployment rate ticked down one-tenth of a percentage point to 3.8% and the labor force participation rate increased two-tenths of a percentage point to 62.7%.
Regionally, job growth in the Rochester Metropolitan Statistical Area (MSA) continued its strong streak, with over the year growth of 3,984 jobs or 3.3%. The Minneapolis-St. Paul MSA had the biggest job growth by numbers, up 22,337 jobs or 1.2% over the year.
DEED is the state’s principal economic development agency, promoting business recruitment, expansion and retention, workforce development, international trade and community development. Visit the DEED website to view
state and national employment statistics
,
monthly jobs numbers
and data. Find
alternative measures of unemployment
on the DEED website. In addition, see related articles about job growth and labor market changes in the
latest issue of Minnesota Employment Trends
.
Minnesota
The midterms loom as another chance for Minnesota to set an example for the nation
Minnesota
Small Minnesota farms feeling the impact of high beef prices
Beef prices have climbed to record highs this year, and consumers are noticing.
That’s due in part to the U.S. cattle herd being the smallest it’s been in 75 years due to drought and high feed costs. John Lauritsen shows us how that’s impacting smaller beef producers in Minnesota.
“In 2008 we started with three cows. And we didn’t sell our first beef to consumers until 2011,” said Josh Krenz of Windland Flats Farm near Princeton.
But for the past 15 years, Krenz said his Highland Cattle have been in high demand. The long-haired cows are a niche product, and over the past 5 years consumers have been contacting Windland Flats Farm for their steaks and ground beef.
“It’s super lean but really tender and has a lot of marbling to it still,” said Krenz.
The rising popularity of Highland meat has allowed Krenz to expand. The natives of Scotland are hearty animals and good grazers who need shade but not barns, so they’re cost-effective to raise. But lately, Krenz has wondered what the future holds for his herd, as consumers adjust.
“They are not buying in bulk packages that we used to sell. They are buying smaller just trying to go from paycheck to paycheck is what it feels like.”
Instead of buying 35-pound packages for about $450 like they have in the past, lately their clients have been looking to buy just a fraction of that.
“We just see people wanting to go down to 10 pounds or 15 pounds or maybe they aren’t coming back at all,” said Krenz.
And it’s forced Windland Flats and other farms like them to make a number of adjustments when it comes to promoting their product and limiting their overhead costs.”
“That’s what we are doing the most is watching our costs. Some of that is using technology to lower labor costs. Optimizing the land because we aren’t going to be able to afford to buy more land in 5 years if we aren’t going to have that income flow coming in,” said Krenz.
There’s still hope that things will turn around. In the meantime, it’s business as usual for the Highlands.
“Just as an economy as a whole, everybody is watching their wallet really hard right now,” said Krenz.
In Minnesota, Wisconsin and Iowa, there are about 250 members of the American Highland Cattle Association.
Minnesota
Wildcat Sanctuary: Rio the Ocelot Turns 27
A beloved ocelot named Rio is celebrating an incredible milestone at the Wildcat Sanctuary in Sandstone, Minnesota — her 27th birthday! This stunning medium-sized wildcat is known for her gorgeous spotted coat and distinctive ring-patterned tail. Tammy Thies, founder and executive director of the Wildcat Sanctuary, joined Minnesota Live to share more about Rio’s remarkable life. Learn more here.
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