Unemployment Rate in Minnesota
MNUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.30
Year-over-Year Change
3.12%
Date Range
1/1/1976 - 6/1/2025
Summary
The Unemployment Rate in Minnesota tracks the percentage of the state's labor force that is jobless. It is a key indicator of economic health and helps policymakers assess the strength of the local job market.
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 Unemployment Rate in Minnesota measures the percentage of the state's civilian labor force that is currently unemployed but actively seeking work. It is a widely followed economic indicator that provides insight into the overall health and performance of the Minnesota job market.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Unemployment Rate in Minnesota is used by economists, policymakers, and investors to evaluate the state's economic conditions and labor market trends.
Key Facts
- Minnesota's Unemployment Rate averaged 3.6% in 2022.
- The state's Unemployment Rate peaked at 8.1% in 2020 during the COVID-19 pandemic.
- Minnesota's Unemployment Rate has historically been lower than the national average.
FAQs
Q: What does the Unemployment Rate in Minnesota measure?
A: The Unemployment Rate in Minnesota measures the percentage of the state's civilian labor force that is currently jobless but actively seeking employment.
Q: Why is the Unemployment Rate in Minnesota relevant for users or analysts?
A: The Unemployment Rate in Minnesota is a key indicator of the state's economic health and labor market conditions, providing insights that are useful for policymakers, businesses, and investors.
Q: How is the Unemployment Rate in Minnesota data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is the Unemployment Rate in Minnesota used in economic policy?
A: The Unemployment Rate in Minnesota is used by economists, policymakers, and investors to evaluate the state's economic conditions and labor market trends, which can inform policy decisions and investment strategies.
Q: Are there any update delays or limitations for the Unemployment Rate in Minnesota data?
A: The Unemployment Rate in Minnesota data is published monthly by the U.S. Bureau of Labor Statistics, with a typical delay of a few weeks between the reference period and the data release.
Related Trends
Gross Domestic Product: Finance and Insurance (52) in Minnesota
MNFININSNQGSP
Housing Inventory: Active Listing Count Month-Over-Month in Minnesota
ACTLISCOUMMMN
Real Gross Domestic Product: Waste Management and Remediation Services (562) in Minnesota
MNWASTERGSP
Insured Unemployment Rate in Minnesota
MNINSUREDUR
All Employees: Goods Producing in Minnesota
SMU27000000600000001
Estimate of Related Children Age 5-17 in Families in Poverty for Minnesota
PE5T17MN27000A647NCEN
Citation
U.S. Federal Reserve, Unemployment Rate in Minnesota (MNUR), retrieved from FRED.