Minnesota's jobless rate is the lowest any state has ever had
July 26, 2022
Minnesota has not only moved up a spot in the rankings to have the lowest unemployment rate in the nation. At 1.8%, it also now officially has the lowest of any state ever.
"Just think about that," said Steve Grove, commissioner of the Minnesota Department of Employment and Economic Development (DEED). "We have the lowest unemployment rate that has ever existed in the United States of America since that number has been recorded."
That's largely a good thing for workers, giving them options and putting upward pressure on pay and benefits. It's also forcing employers to look deeper into the labor pool for workers.