Go to HHH home page.
Smart Politics
 


Minnesota Unemployment Rate Slows to Smallest Increase Since September

Bookmark and Share

Although Minnesota’s new March unemployment numbers, released this morning by the state's Department of Employment and Economic Development, are the highest since May 1983, the 8.2 percent seasonally adjusted rate marks the slowest rate of decline in jobs in the Gopher State in half a year.

Jobless claims rose from 8.0 percent in February to 8.2 percent in March’s preliminary numbers, an increase of 2.5 percent. This marks the lowest rate of increase since unemployment held flat in Minnesota from August to September 2008:

Minnesota Unemployment Rate of Increase

Month
Rate
% Monthly change
September 2008
5.4
0.0
October 2008
5.6
+3.7
November 2008
6.1
+8.9
December 2008
6.6
+8.2
January 2009
7.5
+13.6
February 2009
8.0
+6.7
March 2009
8.2
+2.5
Note: Table compiled by Smart Politics with data from the Minnesota Department of Employment and Economic Development and Bureau of Labor Statistics, U.S. Department of Labor.

However, the 0.2-point rise in unemployment from February did trigger the setting of another grim record in the Gopher State – the largest 12-month increase in jobless claims, rising at a 60.8 percent clip from March 2008. The current economic crisis has led to three of the top five largest 12-month increases occurring during each of the past three months.

Largest Yearly Proportional Unemployment Increase in Minnesota, 1976-2009

Rank
Period
Percent increase
1
March 2008 – March 2009
60.8
2
February 2008 – February 2009
60.0
2
August 1981 – August 1982
60.0
4
July 1981 – July 1982
56.4
5
January 2008 – January 2009
56.3
Note: Table compiled by Smart Politics with data from the Minnesota Department of Employment and Economic Development and Bureau of Labor Statistics, U.S. Department of Labor.

Whether or not this decline in the rate of unemployment growth from February to March is a sign of a stabilization of Minnesota’s economy is not yet clear. Nationwide, March's jobless claims rose at a rate double that expereinced in the Gopher State, from 8.1 to 8.5 percent. Meanwhile, South Dakota’s unemployment situation shows no sign of slowing down.

New March numbers will be released later this month in Iowa, North Dakota, and Wisconsin.

Follow Smart Politics on Twitter.

Previous post: South Dakota Unemployment Rate Reaches 23+ Year High
Next post: Wisconsin Unemployment Rate Eclipses Minnesota for First Time Since Summer 2007

1 Comment


  • Has the recession leveled off? Nonfarm payroll employment continued to decline in April (-539,000), and the unemployment rate rose from 8.5 to 8.9 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today, April 8, 2009. Since the recession began in December 2007, 5.7 million jobs have been lost. In April, job losses were large and widespread across nearly all major private-sector industries. Overall, private-sector employment fell by 611,000. The details of the report can be found here. http://pfx.me/l2

  • Leave a comment


    Remains of the Data

    Who Has Won the Most Votes in US Senate Electoral History?

    Only three of the Top 10 and nine of the Top 50 vote-getters of all time are currently serving in the chamber.

    Political Crumbs

    Six for Thirteen

    Collin Peterson remarked last month that he is leaning to run for reelection to Minnesota's 7th Congressional District in 2016. If he does and is victorious, he will creep even closer to the top of the list of the longest-serving U.S. Representatives in Minnesota history. The DFL congressman is only the sixth Minnesotan to win at least 13 terms to the U.S. House of the 135 elected to the chamber in state history. Peterson trails 18-term DFLer Jim Oberstar (1975-2011), 16-term Republicans Harold Knutson (1917-1949) and August Andresen (1925-1933; 1935-1958), and 14-term DFLers Martin Sabo (1979-2007) and John Blatnik (1947-1974). Andresen died in office, Sabo and Blatnik retired, and Knutson and Oberstar were defeated at the ballot box in 1948 and 2010 respectively. At 70 years, 7 months, 11 days through Monday, Peterson is currently the ninth oldest Gopher State U.S. Representative in history. DFLer Rick Nolan of the 8th CD is the seventh oldest at 71 years, 1 month, 23 days.


    Seeing Red

    Congressman Nick Rahall's failed bid for a 20th term in West Virginia this cycle, combined with a narrow loss by Nick Casey to Alex Mooney in Shelley Moore Capito's open seat, means that West Virginia Democrats will be shut out of the state's U.S. House delegation for the first time in over 90 years. The Republican sweep by two-term incumbent David McKinley in the 1st CD, Mooney in the 2nd, and Evan Jenkins over Rahall in the 3rd marks the first time the GOP has held all seats in the chamber from West Virginia since the Election of 1920. During the 67th Congress (1921-1923) all six seats from the state were controlled by the GOP. Since the Election of 1922, Democrats have won 76 percent of all U.S. House elections in the Mountain State - capturing 172 seats compared to 54 for the GOP.


    more POLITICAL CRUMBS

    Humphrey School Sites
    CSPG
    Humphrey New Media Hub

    Issues />

<div id=
    Abortion
    Afghanistan
    Budget and taxes
    Campaign finances
    Crime and punishment
    Economy and jobs
    Education
    Energy
    Environment
    Foreign affairs
    Gender
    Health
    Housing
    Ideology
    Immigration
    Iraq
    Media
    Military
    Partisanship
    Race and ethnicity
    Reapportionment
    Redistricting
    Religion
    Sexuality
    Sports
    Terrorism
    Third parties
    Transportation
    Voting