By Oriane Casale
March 2024
The unemployment rate held at 2.7% in Minnesota in February on a seasonally adjusted basis.
The number of unemployed ticked up to 84,171 workers, and the number of employed decreased to 3,010,542 workers. The labor force grew to 3,094,713 workers, and the labor force participation rate held at 67.9%.
The U.S. unemployment rate grew to 3.9% in February on a seasonally adjusted basis. The labor force participation rate held at 62.5%.
| Unemployment Rates | February 2024 | January 2024 | February 2023 |
|---|---|---|---|
| Minnesota Seasonally Adjusted | 2.7% | 2.7% | 2.8% |
| Minnesota Not Seasonally Adjusted | 3.6% | 3.3% | 3.4% |
| U.S. Seasonally Adjusted | 3.9% | 3.7% | 3.6% |
| U.S. Not Seasonally Adjusted | 4.2% | 4.1% | 3.9% |
