MN Unemployment Rate Holds at 2.8 Percent

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ST. PAUL – Minnesota’s seasonally adjusted unemployment rate held at 2.8 percent in October, according to data released today (Thursday) by the Minnesota Department of Employment and Economic Development (DEED).

The number of unemployed Minnesotans now at 86,118 which is the lowest since the last recession.

In October, the Minnesota labor market gained a 3,400 jobs when seasonally adjusted and the previously announced loss of 1,400 jobs in September was revised to a 500 job gain.

Over the past year Minnesota gained 36,450 jobs or 1.2 percent and the private sector gained 1.3 percent.

The national growth rate for the year is 1.7 percent total growth and 2.0 percent in the private sector.

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