Minnesota jobs remained stable in February and the labor force grew by 3,800 people, according to data released Thursday by the Department of Employment and Economic Development (DEED).
Minnesota lost 700 jobs in February, effectively flat over the month. The state’s unemployment rate stayed at 3.0% for the fifth month in a row, with the national unemployment rate at 4.1%. Minnesota’s labor force participation rate also stayed steady at 68.1% in February, compared to 62.4% nationally.
Over the year, Minnesota employers added 40,600 jobs, job growth that was faster than the nation in terms of non farm employment as well as private sector employment.
Wages in Minnesota continued to be very strong in February, rising more than double the rate of inflation.
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