By Oriane Casale
April 2024
The unemployment rate held at 2.7% in Minnesota in March on a seasonally adjusted basis for the third consecutive month.
The labor force grew to 3,097,736 workers, and the labor force participation rate increased to 68%. The number of unemployed ticked down to 84,205 workers, and the number of employed increased to 3,013,531 workers.
The U.S. unemployment rate fell to 3.8% in March on a seasonally adjusted basis. The labor force participation rate increased to 62.7%.
| Unemployment Rates | |||
|---|---|---|---|
| Area | March 2024 | February 2024 | March 2023 |
|
Minnesota |
|||
| Seasonally Adjusted | 2.7% | 2.7% | 2.8% |
| Not Seasonally Adjusted | 3.2% | 3.6% | 3.3% |
| United States | |||
| Seasonally Adjusted | 3.8% | 3.9% | 3.5% |
| Not Seasonally Adjusted | 3.9% | 4.2% | 3.6% |
