US EditionMinnesota Jobless Rate Reaches Highest Level in Nearly Four Years
Minnesota lost 4,400 jobs in July with government employment dropping by 3,500 despite gains in education, health services, and construction, state officials said.
- On August 14, new data indicated that Minnesota’s unemployment rate increased to 3.5% in July.
- This increase followed a rise from 3.3% the previous month and reflects the highest unemployment rate in nearly four years, signaling potential economic shifts.
- In July, the state experienced a total job loss of 4,400 positions, as increases in education, health services, and construction were outweighed by declines in eight other sectors, including a reduction of 3,500 jobs within government employment.
- DEED Commissioner Matt Varilek highlighted several factors influencing the data, including widespread federal job cuts, disruptions to funding, unpredictable trade policies, and a decline in immigration, while also noting that regular monthly data adjustments are a standard practice.
- Despite the rise, Minnesota’s unemployment rate remains below the national 4.2%, but the data suggests ongoing uncertainties affecting the labor market and job growth prospects.
18 Articles
18 Articles
Minnesota jobless rate reaches highest level in nearly four years - Austin Daily Herald
By Peter Cox Minnesota’s unemployment rate is the highest it’s been in nearly four years. New figures from the Minnesota Department of Employment and Economic Development, released Thursday, show the seasonally adjusted rate ticked up to 3.5 percent in July. That’s up from 3.3 percent the month before. State records show the last time the seasonally adjusted rate reached 3.5 percent was in August 2021. “We may now be seeing results of mass feder…
Pine Journal
Minnesota jobless rate reaches highest level in nearly four years
ST. PAUL — Minnesota’s unemployment rate is the highest it’s been in nearly four years. New figures from the Minnesota Department of Employment and Economic Development, released Thursday, Aug. 14, show the seasonally adjusted rate ticked up to 3.5% in July. That’s up from 3.3% the month before. State records show the last time the seasonally adjusted rate reached 3.5% was in August 2021. “We may now be seeing results of mass federal layoffs and…
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