Minnesota’s unemployment rate dropped from 7.4 percent in August to six percent last month. State job analyst Oriane Casale says this is largely due to a drop in the state’s labor force participation rate:
“Overall from February to August, we had only lost about 10,000 people out of the labor force and then in September we lost another 56,000 people drop out.”
Casale says we have to remember this is only one month’s worth of data:
“I can’t really predict whether we’re going to continue to see losses in October and November or even if these losses are going to hold.”
Minnesota’s jobs picture continued to improve in September, although more slowly than in previous months, with the addition of 14,800 payroll jobs, up 0.5% from August.