What makes Southwest Minnesota's economy unique? According to DEED's Location Quotient Tool, Southwest Minnesota has a higher concentration of employment in Agriculture, Manufacturing, Public Administration, Educational Services, Retail Trade, and Utilities than the state.
The unemployment rate rose to 3.1% in Minnesota in August, 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 2,000 or 1.0% in Minnesota to 201,000 in July on a seasonally adjusted basis.
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.6 percent in August on a seasonally adjusted basis, after increasing 0.2 percent in July.
