Minnesota Index

The Minnesota Index advanced 0.2 percent for the fourth month in a row in August as wage and salary employment climbed and the state’s unemployment rate held steady at 4.0 percent. The U.S. index advanced 0.3 percent for the third straight month. Minnesota’s index, which had been advancing slightly faster than the U.S. index earlier in the year, has been running slightly behind the national increase during the last few months. Minnesota’s index is up 2.9 percent over the year compared to a 3.2 gain by the U.S. index.

Graph: Minnesota Index and U.S. Index