Minnesota Hits 14 Straight Months of Job Growth
Sunday, January 15, 2023
Minnesota gained 6,800 jobs in November, up 0.2% from October on a seasonally adjusted basis, according to numbers released today by the Minnesota Department of Employment and Economic Development (DEED). The private sector gained 3,500 jobs in November, up 0.1%, while Government gained 3,300 jobs over the month. The U.S. gained 263,000 jobs in November, up 0.2% from October.
Minnesota's unemployment rate inched up two-tenths of a point to 2.3% in November, but remains very low by historical standards. The national unemployment rate remained steady at 3.7% from October to November. Over the month, Minnesota's labor force participation rate remained steady at 67.9% (October's rate was revised down a tenth of a point from 68%) and the national rate went down one-tenth of a point to 62.1%.