St. Paul – Minnesota’s seasonally adjusted unemployment rate dropped substantially in September, down to 6.0% from 7.4% in August, according to numbers released today (Thursday) by the Minnesota Department of Employment and Economic Development (DEED). However, the drop was caused in large part due to a dip in the state’s labor force participation rate to 68.4%, a drop of 1.3%. Minnesota’s labor force participation rate stood at 70.2% in February 2020.
Minnesota’s labor force participation rate remains above the national average. The national labor force participation rate is at 61.4% for September and the national unemployment rate declined to 7.9% in September.
Minnesota’s jobs picture continued to improve in September, although more slowly than in previous months, with the addition of 14,800 payroll jobs, up 0.5% from August.