Overall unemployment rate moved down to 2.2% with the biggest shift in Government, which gained 1,200 roles, based on the most recently available information published in December 2022.
Total employment in the Duluth, MN-WI market declined by 509 jobs in October and the unemployment rate decreased compared to the prior month by 20 bps to 2.2%. The national unemployment rate increased by 8 bps over the same time to 3.4%.
- Duluth, MN-WI unemployment rate is 120 bps below the national rate which is a positive sign.
- Unemployment in the market is 50 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in October versus prior month by 2.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.2% . Key sectors include:
- Education & Healthcare: 31,300; +100
- Transportation & Utilities: 24,400; +200
- Government: 24,200; +1,200
- Restaurants & Hotels: 14,400; -200
- Construction, Mining: 11,600; no change
Data is based on the most recent 12 months available, through October 2022 (Data published December 2022 and reports created on December 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.