Olmsted County Job Recovery

7% but things are rebounding

Sw 5?

"*10 mph it may be happening slowly but it appears the job market in rochester is beginning to recover from the economic shutdown caused by covid?

"*19.

Olmsted county's unemployment rate, though, remains higher than normal.

Kimt new three's jessica bringe joins us live in rochester with the latest unemployment numbers.

Jessica.

George and amy?

"* according to minnesota's department of employment and economic development olmsted county's july jobless rate was at seven?

"*percent which... while significantly higher than it was pre?

"* pandemic..

Is still down more than a point and half from june..

Deed also estimates the rochester area has lost about 10?

"* thousand jobs compared to july of last year.

That's about 3?

"* thousad jobs in leisure and hosptiality and 5?

"*thousand in education and healthcare services.

There is good news though as regional analaysis and outreach manager cameron macht tells me there are signs jobs are rebounding in a lot of those areas..

In more good news those filing for unemployment benefits dropped from 12,100 filing in early may..down to 5,400 filing continuing claims in <it's less than half of where we were at during the peak which is a pretty good sign and the overall trend in continuing claims is dropping.

This past month we've seen them drop faster than we did in june or july.> deed also says there are well over 500 jobs posted in olmsted.

Many of those are in the healthcare field.

Live in rochester jessica bringe thank you jessica.

The 7?

"*percent rate for olmsted county has remained the highest rate reported in southeastern minnesota for three months.