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 |
Unemployment Rate: Minneapolis, Minnesota, National
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. ↩
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