Minnesota Unemployment

According to the BLS current population survey (CPS), the unemployment rate for Minnesota rose 0.1 percentage points in September 2022 to 2.0%. The state unemployment rate was 1.5 percentage points lower than the national rate for the month. The unemployment rate in Minnesota peaked in May 2020 at 10.8% and is now 8.8 percentage points lower. From a post peak low of 1.8% in June 2022, the unemployment rate has now grown by 0.2 percentage points. You can also see Minnesota unemployment compared to other states.

Unemployment Rate	September 2022	Month/Month	Year/Year
National	3.5%	-0.2	-1.2
Minnesota	2.0%	+0.1	-1.2

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

Unemployment Rate: Minnesota, National

Minnesota monthly unemployment rate chart from 1990 to September 2022

Note: Recessions shown in gray

Minnesota Unemployed

The number of people unemployed in Minnesota peaked in May 2020 at 335,499. There are now 273,821 fewer people unemployed in the state. From a recent trough of 55,502 in July 2022, the number of unemployed has now grown by 6,176. Minnesota job growth data is also available.

Unemployed Persons	September 2022	Month/Month	Year/Year
Minnesota	61,678	+3,420	-34,900

Number of Unemployed Persons