Minnesota’s Unemployment Rate Holds at All-Time Low: 1.8%
18 Aug 2022
News
The unemployment rate held steady at 1.8% in July 2022 – tying the 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). This was also the all-time lowest state rate on record in the United States as of June.
On a seasonally adjusted basis Minnesota gained 19,100 jobs in July, up 0.7% from June, following the addition of 1,000 jobs (revised upward) in June 2022. The private sector gained 14,600 jobs in July, up 0.6% from June.
More Topics
WASHINGTON — As a leader in renewable energy resources, Minnesota could have an outsized impact from the climate change-fighting provisions of the Inflation Reduction Act.
The bill, signed into law by President Joe Biden on Tuesday, would offer nearly $370 billion in incentives to consumers, utilities and corporations to...
Meeting your community's existing needs while laying the groundwork for its anticipated need is more critical than ever. Meanwhile, the concept of infrastructure is evolving. In addition to being functional, capital improvements now need to be aesthetically pleasing and sustainable. They must also be planned, executed, and publicized to make...
Inflation is impacting everything - from manufacturing, grocery, and retail to small businesses. Inflation has been reported to range from 6.8 to 8.2% for 2022 - staggering rates of inflation that haven’t been seen since the 1980s. The all items index increased 9.1 percent for the 12 months ending June,...