by Oriane Casale
August 2024
The unemployment rate rose to 3.2% in Minnesota in July on a seasonally adjusted basis.
The number of unemployed increased to 97,564, and the number of employed decreased to 3,005,480. The labor force shrank to 2,996,989, and the labor force participation rate held at 67.8%.
The U.S. unemployment rate increased to 4.3% in July on a seasonally adjusted basis. The labor force participation rate rose to 62.7%.
| Unemployment Rates | |||
|---|---|---|---|
| - | July 2024 | June 2024 | July 2023 |
| Minnesota | |||
| Seasonally Adjusted | 3.2% | 2.9% | 3.0% |
| Not Seasonally Adjusted | 3.8% | 3.8% | 3.8% |
| United States | |||
| Seasonally Adjusted | 4.3% | 4.1% | 3.5% |
| Not Seasonally Adjusted | 4.5% | 4.3% | 3.8% |
