By Derek Teed
October 2023
The unemployment rate held steady at 3.1% in Minnesota in September on a seasonally adjusted basis.
The number of unemployed rose to 97,861 workers, and the number of employed increased to 3,016,482 workers. The labor force grew to 3,114,343 workers, and the labor force participation rate held at 68.5% for the third consecutive month.
The U.S. unemployment rate held at 3.8% in September on a seasonally adjusted basis. The labor force participation rate held at 62.8%.
| Unemployment Rates | ||||
|---|---|---|---|---|
| Location | September 2023 | August 2023 | September 2022 | |
| Minnesota | ||||
| Seasonally Adjusted | 3.1% | 3.1% | 2.9% | |
| Not Seasonally Adjusted | 2.6% | 3.2% | 2.2% | |
| United States | ||||
| Seasonally Adjusted | 3.8% | 3.8% | 3.5% | |
| Not Seasonally Adjusted | 3.6% | 3.9% | 3.3% | |
