Minnesota Unemployment Rate Grew in November
In November, Minnesota reported 3,300 new jobs in government. Xackery Irving / Shutterstock.com

Minnesota Unemployment Rate Grew in November

The state’s unemployment rate is still historically low and well below the national average, according to Minnesota’s monthly jobs report.
In November, Minnesota reported 3,300 new jobs in government. Xackery Irving / Shutterstock.com

New month, same story: Minnesota’s unemployment rate remains historically low and well below the national average, but it’s beginning to creep back up.

On Thursday, the Minnesota Department of Employment and Economic Development (DEED) reported that the state’s unemployment rate grew to 2.3% in November, up just 0.2% over the prior month. The national unemployment rate remained at 3.7% last month, unchanged from October.

In November, Minnesota added 6,800 jobs, according to DEED. The state recorded its biggest job growth of the year in October, reporting 17,400 new jobs. Still, November marked the fourteenth consecutive month of job growth, according to DEED data.

“Minnesota’s economy remains strong and has grown faster than most states in 2022,” DEED commissioner Steve Grove said in a news release. “Fourteen straight months of job growth is a good sign as we head into the new year.”

Among industries that reported increase in jobs last month, there were no clear winners, with job growth more or less evenly spread between several sectors. Private sector jobs, in total, grew by 3,500.

Jobs in government grew by 3,300, the manufacturing sector added 1,800 jobs, and the business and professional services sector added 1,400. The construction sector, meanwhile, reported 2,300 fewer jobs in November.

Minnesota’s labor force participation rate remained at 67.9% in November. Economists calculate that rate by taking the total number of individuals 16 and older who are working or actively looking for work divided by the total civilian population.