Overall unemployment rate stayed flat at 1.7% with the biggest shift in Government, which lost 300 roles, based on the most recently available information published in September 2022.
Total employment in the Mankato-North Mankato, MN market declined by 186 jobs in August and the unemployment rate stayed flat. The national unemployment rate stayed flat over the same time period at 3.8%.
- Mankato-North Mankato, MN unemployment rate is 209 bps below the national rate which is a positive sign.
- Unemployment in the market is 120 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 19.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -3.1%. Key sectors include:
- Government: 9,300; -300
Data is based on the most recent 12 months available, through August 2022 (Data published September 2022 and reports created on September 28, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.