[ST. PAUL, MN] – Governor Tim Walz today celebrated new job numbers that show Minnesota created nearly 20,000 new jobs in July, more than doubling the nation’s job growth rate. Last month, Minnesota’s unemployment rate of 1.8 percent set a record for the lowest unemployment rate of any state in history. This month, the unemployment rate remained steady at 1.8 percent.

“Minnesotans across the state are seeing more job opportunities than ever before,” said Governor Walz. “We are growing jobs and expanding our economy at a record-breaking pace. As Minnesotans continue to see global uncertainty and rising costs, these numbers demonstrate that Minnesota’s economy has a strong foundation.”

“This month delivered more good news for Minnesotans looking for work, and looking for good-paying jobs,” said Lieutenant Governor Flanagan. “As our state continues to set records for unemployment, we will continue working to lower costs for families.”

Minnesota saw 19,100 new jobs, or a .7 percent uptick in July, while the U.S. experienced a .3 percent increase.

Over the past six months, Minnesota has seen a greater job growth rate than the nation as a whole, at 1.6%. In the past year, the state’s job growth has increased by 3.2%. Minnesota Management and Budget released an economic forecast in February showing that Minnesota’s state budget surplus is projected to be a historic $9.25 billion for fiscal year 2022-23. These figures were compiled by the State of Minnesota’s Department of Employment and Economic Development.

This afternoon, the Governor and Lieutenant Governor will visit a Northern Minnesota brewery to highlight steps the state has taken to support small businesses, including lifting the growler cap last session, replenishing the unemployment trust fund to prevent tax increases, and providing significant financial relief to businesses struggling during the pandemic.