Thursday, January 21, 2010

Minnesota job loss 3% for 2009 

Data released this morning by DEED indicates we've lost 80,800 jobs in Minnesota in 2009. Job loss was 4,100 for December, along with a downward revision in November to a -1,500 from a +3,000.
�December�s results are consistent with the ebb and flow of a recovering economy. We expected the pace of recovery would be slow, although generally the Minnesota economy is on the mend and should continue to improve in the coming months,� DEED Commissioner Dan McElroy said.

...In the state Metropolitan Statistical Areas, over-the-year job losses occurred in the Duluth-Superior MSA (down 3.4 percent), St. Cloud MSA (down 3.1 percent), Minneapolis-St. Paul MSA (down 2.7 percent) and Rochester MSA (down 0.5 percent).
The decline in St. Cloud for the 12 months to Novmeber 2009 was 3.6%, so the rate of decline is slowing, but at a job loss of 3,100 it is still the largest yearly decline in St. Cloud since we started tracking the data in 1988.

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