On December 7, 2023, the U.S. Census Bureau released updated estimates through the American Community Survey (ACS).
The unemployment rate ticked down to 3.1% in Minnesota in November, from 3.2% in October, 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 decreased by 14,000 or 7% in Minnesota to 187,000 in October on a seasonally adjusted basis.
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in November on a seasonally adjusted basis, after being unchanged in October.
