Overall unemployment rate moved down to 1.3% , based on the most recently available information published in November 2022.
Total employment in the Mankato-North Mankato, MN market rose by 23 jobs in September and the unemployment rate decreased compared to the prior month by 50 bps to 1.3%. The national unemployment rate decreased by 47 bps over the same time to 3.3%.
- Mankato-North Mankato, MN unemployment rate is 202 bps below the national rate which is a positive sign.
- Unemployment in the market is 110 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in September versus prior month by 15.7% and are equal 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: 9,300; no change
Data is based on the most recent 12 months available, through September 2022 (Data published November 2022 and reports created on November 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.