BUSINESSKSTP ABC MINNEAPOLIS
Minnesota’s latest job numbers show more openings but lower pay, fewer people staying in the workforce
Minnesota's May labor report shows increased job openings but lower average hourly pay and a shrinking workforce. Unemployment decreased, yet employment numbers fell for six consecutive months, with more people exiting the labor force. Blue-collar jobs in leisure and hospitality are growing, while white-collar finance roles decline, contributing to a 0.5% drop in Minnesota's average hourly wage compared to the prior year.
Mentioned
Related Signal
Adjacent reporting
- ISM Services Prices Paid Unchanged as US Job Openings Fall Slightly
- Strong U.S. Jobs Report Lowers Recession Risks Despite Wage Growth Lagging Inflation
- UK Unemployment Falls, Wages Grow Faster Than Expected
- The economy is creating more jobs, but these groups are having trouble finding work
- UK unemployment shows surprise fall to 4.9% as pay growth drops to lowest in five years
- TN unemployment low, but sheds jobs for the 5th month in a row