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    4. Unemployment Sinks Again To Another Alltime Low 18
    Unemployment Sinks Again to Another All-Time Low: 1.8% main photo

    Unemployment Sinks Again to Another All-Time Low: 1.8%

    July 21, 2022

    The unemployment rate ticked down two-tenths of a point to 1.8% in June 2022 – yet another record low since the metric has been tracked in 1976, according to numbers released today by the Minnesota Department of Employment and Economic Development (DEED). The lowest pre-pandemic unemployment rate was 2.5% in early 1999.

    The unemployment rate decline over-the-month was entirely due to people moving from unemployment to employment. The labor force participation rate ticked up another tenth of a point to 68.5%.

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    Todd County Development Corporation347 Central Ave, PO Box 247 Long Prairie, MN 56347 Tel 320-732-2128 melissa.wyman@co.todd.mn.us
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