By Derek Teed
September 2023
The unemployment rate rose to 3.1% in Minnesota in August, on a seasonally adjusted basis.
The number of unemployed rose to 97,038 workers, and the number of employed dipped slightly to 3,015,707. The labor force grew to 3,112,745 workers, and the labor force participation rate held at 68.5%.
The U.S. unemployment rate rose to 3.8% in August, on a seasonally adjusted basis. The labor force participation rate rose to 62.8%.
| Unemployment Rates | |||
|---|---|---|---|
| Location
Rate |
August 2023 | July 2023 | August 2022 |
| Minnesota | |||
| Seasonally Adjusted | 3.1% | 3.0% | 2.7% |
| Not Seasonally Adjusted | 3.2% | 3.2% | 2.7% |
| United States | |||
| Seasonally Adjusted | 3.8% | 3.5% | 3.7% |
| Not Seasonally Adjusted | 3.9% | 3.8% | 3.8% |
| Source: DEED's Local Area Unemployment Statistics (LAUS) | |||
