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“I think for Minnesota, we’re very fortunate because we’re not dependent on the federal government,” Ferderer said. “We would probably be one of the states least affected by that, compared to Southern California, Connecticut, Rhode Island, Virginia.”
Over the past year, trade, transportation and utilities have added the most jobs in the state, growing by 15,200, reflecting hiring at auto dealerships, hardware stores, trucking firms and wholesale firms.
The other sectors that added jobs were education and health services, adding 13,100 jobs, and professional and business services.
“It looks like it’s a continuation of a trend of positive news for Minnesota’s economy, especially when they revised last month’s unemployment rate back down,” said Toby Madden, an economist at the Federal Reserve Bank of Minneapolis.
Sustained job growth across several sectors of the state economy is especially encouraging, Madden said.
All metropolitan areas in Minnesota have added jobs in the past 12 months.
The Twin Cities were up 2.4 percent, Mankato is up 2.2 percent, Rochester is up 1.6 percent, St. Cloud is up 1.5 percent and Duluth-Superior is up 1.2 percent.
“The expansion we’ve been in for a year now looks like it’s accelerating,” Madden said.
Adam Belz • 612-673-4405