Minnesota employers added 14,400 jobs in August, the largest monthly increase in jobs since July 2022, according to data from the Minnesota Department of Employment and Economic Development (DEED).
Over the month, employment grew by 0.5% in Minnesota, faster than the national average of 0.1%. Minnesota’s unemployment rate increased slightly to 3.3% and the labor force was flat over the month. The state’s unemployment rate is lower than the national average of 4.2% and the labor force participation rate is among the best in the county.
Eight of the 11 supersectors in Minnesota added jobs last month, led by strong growth in Leisure & Hospitality, Education & Health Services and Professional & Business Services.
The Bureau of Labor Statistics revised last month’s employment figures for Minnesota. Rather than a loss of 1,100 jobs, as was initially reported, the state gained 2,500 payroll jobs from June to July. Overall, Minnesota has added jobs nine out of the last 12 months.
Minnesota gained 41,695 jobs over the year, up 1.4%, only slightly lower than the national rate of 1.5%.
