Insured Unemployment Rate in Minnesota
MNINSUREDUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.18
Year-over-Year Change
36.25%
Date Range
5/27/2006 - 7/19/2025
Summary
The Insured Unemployment Rate in Minnesota measures the percentage of the state's labor force covered by unemployment insurance that is currently unemployed. This metric provides insights into the economic health and labor market conditions within Minnesota.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Insured Unemployment Rate in Minnesota represents the ratio of continued unemployment insurance claims to the total labor force covered by unemployment insurance in the state. It serves as an indicator of the level of joblessness among workers who are eligible for unemployment benefits.
Methodology
The data is collected by the U.S. Department of Labor from state workforce agencies that administer unemployment insurance programs.
Historical Context
Policymakers and economists use this trend to assess the strength of Minnesota's labor market and inform decisions related to economic and workforce development initiatives.
Key Facts
- Minnesota's insured unemployment rate was 2.3% as of the latest data.
- The rate has decreased from a peak of 10.7% during the COVID-19 pandemic.
- Insured unemployment data provides a more timely indicator than the broader unemployment rate.
FAQs
Q: What does this economic trend measure?
A: The Insured Unemployment Rate in Minnesota measures the percentage of the state's labor force covered by unemployment insurance that is currently unemployed.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the strength of Minnesota's labor market and can inform economic and workforce development policies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Department of Labor from state workforce agencies that administer unemployment insurance programs.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the strength of Minnesota's labor market and inform decisions related to economic and workforce development initiatives.
Q: Are there update delays or limitations?
A: The data is published with a relatively short time lag, providing a timely indicator of labor market conditions in Minnesota.
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Citation
U.S. Federal Reserve, Insured Unemployment Rate in Minnesota (MNINSUREDUR), retrieved from FRED.