Minnesota’s Labor Participation Rate Increases for 4th Straight Month in June

Minnesota’s labor force growth continues to accelerate, with more than 9,000 people entering the labor market in June, the fourth month in a row with positive growth and the largest monthly gain in three years.

With 9,017 new people in the job market, Minnesota’s labor force participation rate increased two-tenths of a percentage point to 68.4%, compared to 62.6% nationally.  Minnesota’s unemployment rate remained steady at 2.9% in June.  Nationally, the unemployment rate ticked down a tenth of a percent to 3.6%.

Minnesota lost 4,300 jobs in the last month on a seasonally adjusted basis and the state’s private sector lost 6,500 jobs.  Looking at job growth over the year, both Minnesota and the U.S. as a whole, are up 2.4%.