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Unemployment up in July

Business Detroit Lakes,Minnesota 56501 http://www.dl-online.com/sites/all/themes/dlonline_theme/images/social_default_image.png
Detroit Lakes Online
Unemployment up in July
Detroit Lakes Minnesota 511 Washington Avenue 56501

Minnesota's seasonally adjusted unemployment rate for July rose a half of a percentage point to 5.8 percent.

The national unemployment rate rose two-tenths of a percentage point to 5.7 percent in July.

Minnesota's over the year job change slipped into negative territory in July as the state's employment level was 900 jobs below July 2007. This is the first time since March 2004 that the yearly job change has been negative.

Minnesota's nonfarm economy lost 8,600 jobs in July, down 0.3 percent over the month on a seasonally adjusted basis. Six of 11 major industry sectors lost jobs during the month.

Job vacancies fell 9.2 percent from one year ago, to 50,600, during fourth quarter 2007. Over the year declines were largest in sales and related, office and administrative support and food preparation and serving.

About 30,400 open positions, or 60 percent, were located in the Twin Cities seven-county metro area. The remaining 20,200 job vacancies were in Greater Minnesota.

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