Minnesota Posts Fourth Straight Month of Job Growth; Labor Force Also Grows
May 16, 2024
Minnesota employers added jobs for the fourth straight month, up 3,900 jobs from March to April on a seasonally adjusted basis, with the private sector gaining 5,500 jobs, according to information released today by the Minnesota Department of Employment and Economic Development (DEED). Minnesota has gained jobs 10 out of the last 12 months.
Minnesota's labor force increased by 3,710 people over the month and the labor force participation rate stayed at 68.0%. Minnesota's unemployment rate also remained steady at 2.7%, where it's held for six months. Nationally, the unemployment rate ticked up one-tenth of a percentage point to 3.9% and the labor force participation rate stayed at 62.7%.