Twin Cities labor market remains in expansion mode, but it still trails US average growth rate

Twin Cities nonfarm payrolls increased by 32,300 positions from April to May, driving employment growth 15,600 jobs higher than a year earlier. While the annual growth rate of 0.8% outpaces Midwest peers, such as Chicago (0.5%) and Milwaukee (negative 0.1%), it trails the U.S. average of 1.1% and the region's 2015-19 average of 1.5%, confirming a late-cycle deceleration.