Department of Numbers

Minneapolis-St. Paul-Bloomington, Minnesota Unemployment

The BLS reported that the unemployment rate for Minneapolis rose 0.1 percentage points in May 2023 to 2.8%. For the same month, the metro unemployment rate was 0.1 percentage points lower than the Minnesota rate. The unemployment rate in Minneapolis peaked in May 2020 at 12.0% and is now 9.2 percentage points lower. From a post peak low of 2.4% in March 2022, the unemployment rate has now grown by 0.4 percentage points. You can also compare Minneapolis unemployment with unemployment in other cities.

Unemployment Rate May 2023 Month/Month Year/Year
National 3.7% +0.3 +0.1
Minnesota 2.9% +0.1 +0.5
Minneapolis 2.8% +0.1 +0.4
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with May 2023 data as June metro level unemployment data has not yet been released.

Unemployment Rate: Minneapolis, Minnesota, National

Minneapolis, Minnesota monthly unemployment rate chart

Note: Recessions shown in gray.

Minneapolis, Minnesota Unemployed

The number of people unemployed in Minneapolis peaked in May 2020 at 241,863. There are now 185,298 fewer people unemployed in the metropolitan area. From a recent trough of 47,891 in May 2022, the number of unemployed has now grown by 8,674. Minneapolis employment and jobs data (including jobs lost/gained in Minneapolis, Minnesota) is also available.

Unemployed Persons May 2023 Month/Month Year/Year
Minneapolis 56,565 +2,250 +8,674

Number of Unemployed Persons

Minneapolis, Minnesota Unemployment History

Date National
Unemployment Rate
Minnesota
Unemployment Rate
Minneapolis
Unemployment Rate
Minneapolis
Unemployed
June
2023
3.6%
May
2023
3.7% 2.9% 2.8% 56,565
April
2023
3.4% 2.8% 2.7% 54,315
March
2023
3.5% 2.8% 2.7% 53,544
February
2023
3.6% 3.0% 2.7% 54,393
January
2023
3.4% 2.9% 2.7% 53,458
December
2022
3.5% 2.9% 2.7% 54,019
November
2022
3.6% 3.0% 2.7% 54,096
October
2022
3.7% 3.0% 2.7% 53,865
September
2022
3.5% 2.9% 2.6% 52,725
August
2022
3.7% 2.7% 2.5% 51,271
July
2022
3.5% 2.6% 2.5% 49,681

1. Metro area unemployment rates are now seasonally adjusted. The BLS has started publishing smoothed seasonally adjusted metropolitan area data which makes comparisons to state and national data more relevant than the unadjusted numbers.