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
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
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 |