December 2023 - Minnesota Employment Review
Spotlight: A Changing Workforce in the Metro Area
On December 7, 2023, the U.S. Census Bureau released updated estimates through the American Community Survey (ACS).
Local Area Unemployment Statistics (LAUS)
The unemployment rate ticked down to 3.1% in Minnesota in November, from 3.2% in October, on a seasonally adjusted basis.
November 2023: Alternative Measures of Unemployment
Minnesota's official unemployment rate is a useful indicator of the health of the state's economy, but it does not tell the whole story.
Regional Analysis
An analysis of the current month’s employment picture broken out by Metropolitan Statistical Area.
JOLTS Update
The Job Openings and Labor Turnover (JOLTS) Survey conducted by the BLS shows that the number of job openings decreased by 14,000 or 7% in Minnesota to 187,000 in October on a seasonally adjusted basis.
Consumer Price Index
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in November on a seasonally adjusted basis, after being unchanged in October.