“Frankly, it was a very disappointing month,” says Steve Hine, Minnesota’s chief job researcher. Minnesota lost 4,200 jobs in April, according to a Minnesota Department of Employment and Economic Development (DEED) report issued this morning. Worse yet, the job counters revised the March estimates of 2,600 jobs gained down to only 700 jobs gained that month.
Manufacturing leads growth
The April report showed manufacturing in the lead with 2,400 more jobs. It is now at a post-recession high of 315,000 jobs.
Reason for continued optimism in manufacturing
‘Hiring activity in May will reach a four-year high in manufacturing and a three- year high in the service sector,“ says the Society for Human Resource Management. This monthly hiring survey of human resource professionals, released the first day of May, is considered a bellwether for future job trends.
No big boost in construction jobs this spring
Construction numbers were the most disappointing after strong numbers in March in spite of bad weather,” said Hine, DEED’s Labor Market Information Office research director. “We have had four months of overall sluggish growth in construction jobs,” although Hine sees no reason to diminish our optimism. He went on to explain we really did see more jobs in April, but the growth was not as robust as in previous years, leading the seasonally adjusted numbers to look worse than they actually were. He advised that next month’s report on May jobs will be more telling.
Industrial construction outpaces all others
A recent nationwide survey forecasts industrial building construction jobs to grow by 6 percent, commercial and institutional building construction jobs to grow 3 percent and new single-family housing construction jobs to drop by 14 percent compared to 2011. Economic Modeling Specialists International based the projections on a meta-analysis of over 90 government labor databases for CareerBuilder, a global talent recruiter. The reader may surmise a relationship between growth in manufacturing jobs and growth in jobs that build manufacturing plants.
Mankato, St Cloud better than state and national growth rate
Mankato grew by 3.1 percent in the last 12 months. St. Cloud is up by 2.9 percent. Minneapolis-St. Paul job growth stands at 1.6 percent. Because Duluth-Superior is up only 0.5 percent and Rochester is up 0.3 percent, statewide growth averaged 1.5 percent, compared to the U.S. growth rate of 1.7 percent.