Overall unemployment rate moved down to 3.0% with the biggest shift in Government, which gained 12,200 roles, based on the most recently available information published in November 2021.
Total employment in the Minneapolis-St. Paul-Bloomington, MN-WI market rose by 6,445 jobs in September and the unemployment rate decreased compared to the prior month by 50 bps to 3.0%. The national unemployment rate decreased by 72 bps over the same time to 4.6%.
- Minneapolis-St. Paul-Bloomington, MN-WI unemployment rate is 156 bps below the national rate which is a positive sign.
- Unemployment in the market is 310 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in September versus prior month by 2.5% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.3%. Key sectors include:
- Transportation & Utilities: 344,400; -1,700
- Education & Healthcare: 325,400; +500
- Business Services: 321,400; +600
- Government: 234,800; +12,200
- Manufacturing: 197,600; -2,000
- Restaurants & Hotels: 163,500; -9,900
- Financial Services: 157,000; -2,700
- Construction, Mining: 94,700; -1,500
- Other Jobs: 72,200; -1,400
- IT & Development: 30,400; -500
Data is based on the most recent 12 months available, through September 2021 (Data published November 2021 and reports created on November 3, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.