Department of Numbers

Minneapolis-St. Paul-Bloomington, Minnesota Unemployment

The BLS reported that the unemployment rate for Minneapolis fell 0.2 percentage points in November 2023 to 2.9%. For the same month, the metro unemployment rate was 0.2 percentage points lower than the Minnesota rate. The unemployment rate in Minneapolis peaked in May 2020 at 12.0% and is now 9.1 percentage points lower. From a post peak low of 2.4% in March 2022, the unemployment rate has now grown by 0.5 percentage points. You can also compare Minneapolis unemployment with unemployment in other cities.

Unemployment Rate November 2023 Month/Month Year/Year
National 3.7% -0.1 +0.1
Minnesota 3.1% -0.1 +0.1
Minneapolis 2.9% -0.2 +0.2
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with November 2023 data as December metro level unemployment data has not yet been released.

Unemployment Rate: Minneapolis, Minnesota, National

Minneapolis, Minnesota monthly unemployment rate chart

Note: Recessions shown in gray.

Minneapolis, Minnesota Unemployed

The number of people unemployed in Minneapolis peaked in May 2020 at 241,863. There are now 182,054 fewer people unemployed in the metropolitan area. From a recent trough of 47,891 in May 2022, the number of unemployed has now grown by 11,918. Minneapolis employment and jobs data (including jobs lost/gained in Minneapolis, Minnesota) is also available.

Unemployed Persons November 2023 Month/Month Year/Year
Minneapolis 59,809 -3,047 +5,713

Number of Unemployed Persons

Minneapolis, Minnesota Unemployment History

Date National
Unemployment Rate
Minnesota
Unemployment Rate
Minneapolis
Unemployment Rate
Minneapolis
Unemployed
December
2023
3.7%
November
2023
3.7% 3.1% 2.9% 59,809
October
2023
3.8% 3.2% 3.1% 62,856
September
2023
3.8% 3.1% 3.0% 61,503
August
2023
3.8% 3.1% 3.0% 61,441
July
2023
3.5% 3.0% 2.9% 59,810
June
2023
3.6% 2.9% 2.9% 58,107
May
2023
3.7% 2.9% 2.8% 56,569
April
2023
3.4% 2.8% 2.7% 54,315
March
2023
3.5% 2.8% 2.7% 53,544
February
2023
3.6% 3.0% 2.7% 54,393
January
2023
3.4% 2.9% 2.7% 53,458

1. Metro area unemployment rates are now seasonally adjusted. The BLS has started publishing smoothed seasonally adjusted metropolitan area data which makes comparisons to state and national data more relevant than the unadjusted numbers.