Minnesota’s unemployment rate held steady at 3.7 percent for the eighth consecutive month in March on a seasonally adjusted basis.
For the third consecutive month, the labor force participation rate increased by three-tenths of a percentage point to 70.5 percent, and the labor force rose to 3,020,000.
The employment-to-population ratio, the share of the working age population with jobs, rose again to 67.9 percent. Household employment, the number of Minnesotans working as measured by the household survey, topped 2.9 million for the first time ever.
The national unemployment rate held steady at 5.5 percent in March.
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Our quarterly Trends magazine provides expert analysis on the state's labor market, industries and economy.
The current issue's cover story, Wages During and After the Recession, examines how wages for Minnesotans who left their jobs and found new jobs during the recession compare with the wages of people who left jobs and found new work after the recession.