By Oriane Casale
June 2024
The unemployment rate rose to 2.8% in Minnesota in May on a seasonally adjusted basis.
The number of unemployed ticked up to 86,917, and the number of employed decreased to 3,013,017. The labor force shrunk to 3,099,934, and the labor force participation rate held at 68% for the third month in a row.
The U.S. unemployment rate increased to 4.0% in May, on a seasonally adjusted basis. The labor force participation rate fell to 62.5%.
| Unemployment Rates | |||
|---|---|---|---|
| Area | May 2024 | April 2024 | May 2023 |
| Minnesota | |||
| Seasonally Adjusted | 2.8% | 2.7% | 2.9% |
| Not Seasonally Adjusted | 2.7% | 2.7% | 2.6% |
| United States | |||
| Seasonally Adjusted | 4.0% | 3.9% | 3.7% |
| Not Seasonally Adjusted | 3.7% | 3.5% | 3.4% |
