Minnesota saw a drop in its unemployment rate this October from 5.9% in September to 4.6%. | Adobe Stock
Minnesota saw a drop in its unemployment rate this October from 5.9% in September to 4.6%. | Adobe Stock
Minnesota saw a drop in its unemployment rate this October from 5.9% in September to 4.6%.
“COVID has brought unprecedented challenges to Minnesotans and our businesses. Just yesterday we had to take action to slow the spread of the virus because the health and well-being of Minnesotans and our state’s economy depend on it,” Minnesota Department of Employment and Economic Development (DEED) Commissioner Steve Grove said in a press release from DEED. “Despite these challenges, companies in many fields are hiring. DEED will continue to help job seekers in their career journey, and our CareerForce job counselors are available right now to help job seekers look for work.”
The state's unemployment rate is smaller than the nation's average as a whole. The U.S. average unemployment rate is 6.9%, which decreased by 1% in October.
"The number of unemployed workers in Minnesota fell to 137,359 in October, down 44,573 from September, and down 165,607 since May, when the number peaked at 302,966. The number of employed people in Minnesota fell by 2,445 in October to 2,876,635, but was still up 109,657 since its low point in May," DEED said in the press release.
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