Jobs and Wage Growth Continue in Minnesota
Thursday, November 18, 2021
Minnesota's unemployment rate in October 2021 is back to where it was immediately before the global pandemic was declared in March 2020 at 3.5% (revised), down two-tenths of a percentage point from September, according to numbers released today by the Minnesota Department of Employment and Economic Development (DEED).
The decline in Minnesota's unemployment rate in October was primarily due to people moving from unemployment to employment, although the size of the labor force shrank slightly by nearly 1,000 people. Nationally, the unemployment rate fell two-tenths of a percentage point to 4.6%.