• Fri. May 24th, 2024

Twin Cities Region Outpaces Major US Markets in Unemployment Rate Expansion From 2022 Low

Bynewsmagzines

Apr 21, 2023
Twin Cities Region Outpaces Major US Markets in Unemployment Rate Expansion From 2022 Low

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The unemployment rate for the Minneapolis-St. Paul region rose to 3.2% in February, a 170 basis point expansion from its all-time low of 1.5% in April 2022, according to the latest Bureau of Labor Statistics release. This follows the Twin Cities’ biggest cumulative six-month decline in employment in over a decade, pushing total nonfarm payrolls nearly 44,000 below pre-pandemic levels as of January.

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