Overall unemployment rate stayed flat at 3.5% with the biggest shift in Government, which lost 4,600 roles, based on the most recently available information published in September 2021.
Total employment in the Minneapolis-St. Paul-Bloomington, MN-WI market declined by 7,530 jobs in August and the unemployment rate stayed flat. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- Minneapolis-St. Paul-Bloomington, MN-WI unemployment rate is 179 bps below the national rate which is a positive sign.
- Unemployment in the market is 340 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 2.5% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Transportation & Utilities: 345,800; +3,600
- Education & Healthcare: 326,000; -3,300
- Business Services: 321,100; +1,700
- Government: 222,600; -4,600
- Manufacturing: 199,400; +1,600
- Restaurants & Hotels: 173,300; +2,800
- Financial Services: 161,100; +1,100
- Construction, Mining: 96,100; +1,700
- Other Jobs: 73,500; -800
- IT & Development: 30,700; -300
Data is based on the most recent 12 months available, through August 2021 (Data published September 2021 and reports created on September 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.