Minnesota Unemployment

According to the BLS current population survey (CPS), the unemployment rate for Minnesota rose 0.1 percentage points in October 2023 to 3.2%. The state unemployment rate was 0.7 percentage points lower than the national rate for the month. The unemployment rate in Minnesota peaked in May 2020 at 11.1% and is now 7.9 percentage points lower. From a post peak low of 2.3% in April 2022, the unemployment rate has now grown by 0.9 percentage points. You can also see Minnesota unemployment compared to other states.

Unemployment Rate	October 2023	Month/Month	Year/Year
National	3.9%	+0.1	+0.2
Minnesota	3.2%	+0.1	+0.2

Note: All comparisons are made with October data as November state level unemployment data has not yet been released.

Unemployment Rate: Minnesota, National

Minnesota monthly unemployment rate chart from 1990 to October 2023

Note: Recessions shown in gray

Minnesota Unemployed

The number of people unemployed in Minnesota peaked in May 2020 at 343,579. There are now 243,499 fewer people unemployed in the state. From a recent trough of 72,078 in April 2022, the number of unemployed has now grown by 28,002. Minnesota job growth data is also available.

Unemployed Persons	October 2023	Month/Month	Year/Year
Minnesota	100,080	+2,219	+8,817

Number of Unemployed Persons