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
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
Minnesota Unemployment History
Date | National Unemployment Rate |
Minnesota Unemployment Rate |
Minnesota Unemployed |
---|---|---|---|
November 2023 | 3.7% | — | — |
October 2023 | 3.9% | 3.2% | 100,080 |
September 2023 | 3.8% | 3.1% | 97,861 |
August 2023 | 3.8% | 3.1% | 97,053 |
July 2023 | 3.5% | 3.0% | 93,623 |
June 2023 | 3.6% | 2.9% | 90,709 |
May 2023 | 3.7% | 2.9% | 89,182 |
April 2023 | 3.4% | 2.8% | 87,694 |
March 2023 | 3.5% | 2.8% | 87,571 |
February 2023 | 3.6% | 3.0% | 91,023 |
January 2023 | 3.4% | 2.9% | 89,970 |
December 2022 | 3.5% | 2.9% | 90,924 |