As a region, Southeast Minnesota has seen a relatively strong recovery from the Pandemic Recession.
The unemployment rate ticked up one-tenth of a point to 3.0% in Minnesota in July, on a seasonally adjusted basis.
Minnesota's official unemployment rate is a useful indicator of the health of the state's economy, but it does not tell the whole story.
An analysis of the current month’s employment picture broken out by Metropolitan Statistical Area.
The Job Openings and Labor Turnover (JOLTS) Survey conducted by the BLS shows that the number of job openings increased by 11,000 or 5.3% in Minnesota to 197,000 in June on a seasonally adjusted basis.
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.2 percent in July on a seasonally adjusted basis, the same increase as in June.
