Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Minnesota's job growth streak came to an end in December

The state lost 5,200 jobs last month and the unemployment rate ticked up to 2.5%

 

January 20, 2023

Brian Peterson, Star Tribune

Minnesota's lost 5,200 jobs in December and its jobless rate ticked up to 2.5%.

Minnesota lost 5,200 jobs in December, ending a streak of job growth that lasted more than a year.

Meanwhile, the state unemployment rate ticked up from 2.3% to 2.5%, according to data released Thursday by the Minnesota Department of Employment and Economic Development (DEED).

The jobless rate has been steadily rising over the last several months since hitting a record low for any state of 1.8% over the summer. But it remains at a historically low level and is still one of the lowest in the nation. The U.S. unemployment rate is 3.5%.

https://www.startribune.com/minnesotas-job-growth-streak-came-to-an-end-in-december/600244734/

 

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