15 September 2022
ST. PAUL, Minn. — Minnesota saw a pause in job growth in August after months of historically low unemployment rates.
However, the unemployment rate remains low, ticking up one-tenth of a point to 1.9%, according to the Minnesota Department of Employment and Economic Development.
Minnesota lost 3,100 jobs in August, down 0.1% from July. The private sector lost 5,900 jobs in August while the government added 2,800 jobs.
Minnesota’s labor force participation rate dropped to 68.2%, while the country’s labor force participation rate increased three-tenths of a point.
“Despite the fluctuations we’ve seen in the global economy, Minnesota’s resiliency remains strong,” said DEED Commissioner Steve Grove.
The U.S. unemployment rate rose two-tenths of a point to 3.7%. The U.S. gained 315,000 jobs in August.
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Author: WCCO Staff