Department of Numbers

Minnesota Unemployment

According to the BLS current population survey (CPS), the unemployment rate for Minnesota fell 0.0 percentage points in January 2023 to 2.9%. The state unemployment rate was 0.5 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 8.2 percentage points lower. From a post peak low of 2.3% in April 2022, the unemployment rate has now grown by 0.6 percentage points. You can also see Minnesota unemployment compared to other states.

Unemployment Rate January 2023 Month/Month Year/Year
National 3.4% -0.1 -0.6
Minnesota 2.9% 0.0 +0.1

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

Unemployment Rate: Minnesota, National

Minnesota monthly unemployment rate chart from 1990 to January 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 253,606 fewer people unemployed in the state. From a recent trough of 72,078 in April 2022, the number of unemployed has now grown by 17,895. Minnesota job growth data is also available.

Unemployed Persons January 2023 Month/Month Year/Year
Minnesota 89,973 -951 +5,295

Number of Unemployed Persons

Monthly chart of total unemployed in Minnesota from 1990 to January 2023

Minnesota Unemployment History

Date National
Unemployment Rate
Minnesota
Unemployment Rate
Minnesota
Unemployed
February 2023 3.6%
January 2023 3.4% 2.9% 89,973
December 2022 3.5% 2.9% 90,924
November 2022 3.6% 3.0% 91,479
October 2022 3.7% 3.0% 91,263
September 2022 3.5% 2.9% 88,354
August 2022 3.7% 2.7% 84,158
July 2022 3.5% 2.6% 79,096
June 2022 3.6% 2.4% 74,799
May 2022 3.6% 2.4% 72,474
April 2022 3.6% 2.3% 72,078
March 2022 3.6% 2.4% 74,072