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Sunday, May 5, 2024

Minnesota Unemployment

Credit: KIMT
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Minnesota Unemployment
Minnesota Unemployment
Minnesota's unemployment rate dropped to six percent last month.

Into reverse last minnesota's unemployment rate dropped to six percent last month.

Kimt news 3's maleeha kamal has more on what caused the improvement.

Businesses are open and the minnesota unemployment rate is down but there's more to the numbers than meets the eye.

The decrease is partially due to a dip in in the state's labor force participation ... which dropped one point three percent in september.

Roughly 56?

"* thousand minnesotans stopped looking for a job altogether.

(phone graphic) "this is not an encouraging sign it means that there are folks who are for whatever reason getting discourage about their job search which has contributed to a lwoer unemployment rate but a lower participation rate.

But of course we are two clicks lower than our country in our work force participation rate.

The report does show that roughly 15?

"* thousand payroll jobs wee added in the national unemployment rate declined to seven point nine percent in september.

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