Minnesota’s unemployment rate held steady at 3.7 percent in February on a seasonally adjusted basis.
The labor force participation rate increased by three-tenths of a percentage point to 70.2 percent, which drove Minnesota’s labor force over 3 million for the first time on record (based on revised data).
The employment-to-population ratio, the share of the working age population that have jobs, rose to 67.6 percent, its highest since December 2008 when the great recession was really taking hold.
The national unemployment rate fell two-tenths of a percentage point to 5.5 percent in February.
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