Minnesota Posts Robust January Job Growth Signaling a Strong Start to 2023

Minnesota gained 14,100 jobs over the month in January, up 0.5%, on a seasonally adjusted basis, according to numbers released today by the Minnesota Department of Employment and Economic Development (DEED). The state's private sector gained 12,000 jobs, also up 0.5%. From December to January, Minnesota's unemployment rate stayed at 2.9% and the labor force participation rate remained at 68.1%, after revisions that are made every year at this time.

Nationally, over the month, the unemployment rate fell one-tenth of a percentage point to 3.4% and the labor force participation rate ticked up to 62.4% (revised). U.S. total nonfarm employment increased by 517,000 jobs, or 0.3% from December to January.

Read the complete article from Minnesota Employment and Economic Developmenthere.