Overall unemployment rate moved down to 1.7% with the biggest shift in Government, which lost 500 roles, based on the most recently available information published in August 2022.

Total employment in the Mankato-North Mankato, MN market rose by 97 jobs in July and the unemployment rate decreased compared to the prior month by 20 bps to 1.7%. The national unemployment rate decreased by 5 bps over the same time to 3.8%.

  • Mankato-North Mankato, MN unemployment rate is 208 bps below the national rate which is a positive sign.
  • Unemployment in the market is 130 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) grew in July versus prior month by 16.8% and are up compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
Mankato-North Mankato, MN Unemployment July 2022

For key employment segments of the market, total jobs declined by -5.0%. Key sectors include:

  • Government: 9,600; -500
Mankato-North Mankato, MN Unemployment by Industry July 2022

Data is based on the most recent 12 months available, through July 2022 (Data published August 2022 and reports created on September 2, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.