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