Minnesota’s unemployment rate dropped to 4.3% in February, down from 4.5% in January. DEED Commissioner Steve Grove:(Minnesota Department of Employment and Economic Development)
“We saw 2,500 additional people employed in February which is a good sign. It means that our unemployment rate just isn’t going down because of the fact that people are either getting discouraged or are stopping looking for work but it’s also being affected by people getting into the labor market which is something, of course, we want to see a lot more of in the coming months.”
The biggest job gains were in leisure and hospitality up 13,500 jobs, followed by the government up nine-thousand. The biggest losses were in construction and other services.