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July job loss doesn’t shake yearly gain

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business Detroit Lakes, 56501
Detroit Lakes Minnesota 511 Washington Avenue 56501

Minnesota lost 4,200 jobs in July, according to seasonally adjusted figures released by the Minnesota Department of Employment and Economic Development. The state’s unemployment rate remained unchanged in July at 4.5 percent. The U.S. unemployment rate in July was 6.2 percent.

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June figures have been revised downward by 3,600 jobs. Over the past 12 months, the state has gained 68,344 jobs, a 2.5 percent growth rate, compared with a U.S. growth rate of 1.9 percent during that period.

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