Overall unemployment rate moved up to 2.2% , based on the most recently available information published in April 2022.

Total employment in the Mankato-North Mankato, MN market declined by 193 jobs in March and the unemployment rate increased compared to the prior month by 10 bps to 2.2%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.

  • Mankato-North Mankato, MN unemployment rate is 155 bps below the national rate which is a positive sign.
  • Unemployment in the market is 160 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) grew in March versus prior month by 18.5% 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 March 2022

For key employment segments of the market, total jobs stayed flat. Key sectors include:

  • Government: 9,900; no change
Mankato-North Mankato, MN Unemployment by Industry March 2022

Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.