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.
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Government: 9,900; no change
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.