Minnesota gained 800 jobs from November to December on a seasonally adjusted basis according to numbers released Thursday by the Minnesota Department of Employment and Economic Development (DEED).
This is the sixth straight month of job growth in the state. Minnesota’s private sector gained 2,500 jobs over the month, up 0.1%, while Government lost 1,700 jobs. Minnesota’s unemployment rate ticked down two-tenths of a percentage point to 2.9% in December 2023 from November; the U.S. unemployment rate remained at 3.7%.
Minnesota’s labor force decreased by 6,590 people over the month, the third straight month of labor force declines. The labor force participation rate ticked down two-tenths of a percentage point to 68.1%. The U.S. labor force also declined, with the national labor force participation rate decreasing three-tenths of a percentage point to 62.5%.
Over the year, Minnesota gained 50,809 payroll jobs, up 1.7%, while the U.S. was up 1.9% over the year.