While numerous states are slowly but surely trending upward over the past several years in the wake of the Great Recession's end, some are succeeding in truly remarkable fashion. Minnesota, particularly during 2017, has stood out as one of the best states for employment growth in the country.
The Minneapolis Star Tribune reported that during the 12-month period between July 31, 2016, and the same date this year, the state experienced job growth of 2.3 percent, with 66,701 positions added within that span. Per data from the Minnesota Department of Employment and Economic Development (DEED), that averages out to approximately 5,560 jobs added each month during that time, at a growth rate nearly a full percentage point higher than the national average of 1.5 percent.
Monthly growth has ebbed and flowed, but more often leans positive than negative. In July 2017, 7,700 jobs were created within Minnesota, only slightly lower than the previous month's figure of 9,300 jobs - double the initial estimate for June 2017 of 4,400 positions created.
Shawntera Hardy, commissioner of DEED, spoke highly of the July report's positive results.
"Minnesota is outperforming the rest of the country in a number of key economic measures, including the overall employment rate, labor force participation and employment-to-population ratio," Hardy said in a statement accompanying the released data.
She went on to note that of the state's industrial sectors, 9 of 11 were outstripping the national average in growth.
Only trade, transportation and services businesses experienced statistically significant job losses during July, with the sector seeing 2,600 positions disappear. However, this was far exceeded by fields that gained a large number of jobs, such as education and health services with 8,400 jobs added and leisure and hospitality with 2,800 new roles created. State unemployment, meanwhile, remained static at 3.7 percent, below the July rate throughout the U.S. of 4.3 percent.