by Oriane Casale
November 2024
The unemployment rate held at 3.4% in Minnesota in October on a seasonally adjusted basis.
The number of unemployed increased to 105,856, and the number of employed increased to 2,991,491. The labor force grew to 3,097,347, and the labor force participation rate held at 67.7%.
The U.S. unemployment rate held at 4.1% in October on a seasonally adjusted basis. The labor force participation rate dropped one-tend of a point to 62.6%.
| Unemployment Rates | |||
|---|---|---|---|
| Rates | October 2024 | September 2024 | October 2023 |
| Minnesota | |||
| Seasonally Adjusted | 3.4% | 3.4% | 2.8% |
| Not Seasonally Adjusted | 2.6% | 2.8% | 2.2% |
| United States | |||
| Seasonally Adjusted | 4.1% | 4.1% | 3.9% |
| Not Seasonally Adjusted | 3.9% | 3.9% | 3.6% |
