Minnesota Unemployment Rate 4.3 for
Minnesota Unemployment Rate came in at 4.3 (Percent) for Jul 2026, down 2.27% from 4.4 the prior month and 13.16% above its level of 3.8 one year ago. The series has averaged 4.67 since 1976, reaching a record high of 11.1 in May 2020 and a record low of 2.2 in June 2022.
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<iframe src="https://marketxls.com/embed/indicators/minnesota-unemployment-rate" width="100%" height="460" frameborder="0" title="Minnesota Unemployment Rate chart"></iframe><p style="font:12px/1.4 sans-serif;margin:4px 0 0"><a href="https://marketxls.com/indicators/minnesota-unemployment-rate" rel="nofollow">Minnesota Unemployment Rate chart - MarketXLS</a></p>Historical Data
⋮ | ⋮ |
|---|---|
| July 1, 2026 | 4.3 |
| June 1, 2026 | 4.4 |
| May 1, 2026 | 4.4 |
| April 1, 2026 | 4.5 |
| March 1, 2026 | 4.5 |
| February 1, 2026 | 4.5 |
| January 1, 2026 | 4.4 |
| December 1, 2025 | 4.2 |
| November 1, 2025 | 4.2 |
| September 1, 2025 | 4.1 |
| August 1, 2025 | 3.9 |
| July 1, 2025 | 3.8 |
| June 1, 2025 | 3.8 |
| May 1, 2025 | 3.7 |
| April 1, 2025 | 3.6 |
| March 1, 2025 | 3.6 |
| February 1, 2025 | 3.5 |
| January 1, 2025 | 3.4 |
| December 1, 2024 | 3.3 |
| November 1, 2024 | 3.3 |
⋮ | ⋮ |
|---|---|
| March 1, 2001 | 3.5 |
| February 1, 2001 | 3.4 |
| January 1, 2001 | 3.4 |
| December 1, 2000 | 3.3 |
| November 1, 2000 | 3.3 |
| October 1, 2000 | 3.3 |
| September 1, 2000 | 3.2 |
| August 1, 2000 | 3.2 |
| July 1, 2000 | 3.1 |
| June 1, 2000 | 3 |
| May 1, 2000 | 3 |
| April 1, 2000 | 3 |
| March 1, 2000 | 3 |
| February 1, 2000 | 3 |
| January 1, 2000 | 2.9 |
| December 1, 1999 | 2.9 |
| November 1, 1999 | 2.9 |
| October 1, 1999 | 2.8 |
| September 1, 1999 | 2.9 |
| August 1, 1999 | 2.9 |
About Minnesota Unemployment Rate
What it measures
FRED series MNUR reports the Minnesota unemployment rate, a monthly, seasonally adjusted statistic from the BLS Local Area Unemployment Statistics program. Minnesota's economy features an outsized roster of Fortune 500 headquarters for its population, major health care and medical device companies in the Twin Cities, and large agricultural and food processing operations.
Why it matters
The state's corporate headquarters concentration and medtech cluster generate stable, high-wage employment, and Minnesota routinely posts some of the lowest jobless rates among larger states. Deterioration here suggests pressure reaching even well-diversified, defensively positioned regional economies, which makes the series a useful severity check during national slowdowns.
How to read it
Minnesota usually sits comfortably below the national unemployment rate, so measure the spread rather than the level alone. With a chronically tight labor market, rate increases tend to reflect genuine demand weakness rather than labor force churn. Consistent narrowing of the gap to the US average over several months is the key warning.
Frequently Asked Questions
What is the current Minnesota Unemployment Rate?
Minnesota Unemployment Rate is 4.3 (Percent) as of July 2026.
What is the all-time high and low of Minnesota Unemployment Rate?
The highest value on record is 11.1 (May 2020) and the lowest is 2.2 (June 2022).
How often is Minnesota Unemployment Rate updated?
Minnesota Unemployment Rate is published on a monthly basis, sourced from Federal Reserve Economic Data (FRED).
Stats
| Last Value | 4.3 |
| Latest Period | Jul 2026 |
| Last Updated | August 26 2026, 04:13 |
| Value Previous Month | 4.4 |
| Change From Previous Month | -2.27% |
| Value 1 Year Ago | 3.8 |
| Change From Year Ago | 13.16% |
| Average Growth Rate | -0.62%/yr |
| Record High (May 2020) | 11.1 |
| Record Low (Jun 2022) | 2.2 |
| Long-Term Average | 4.67 |
| Frequency | Monthly |
| Adjustment | Seasonally Adjusted |
| Unit | Percent |
Annual Averages
| 2026 | 4.43 |
| 2025 | 3.8 |
| 2024 | 3.13 |
| 2023 | 2.79 |
| 2022 | 2.42 |
| 2021 | 3.68 |
| 2020 | 6.29 |
| 2019 | 3.27 |
| 2018 | 3.03 |
| 2017 | 3.44 |
| 2016 | 3.87 |
| 2015 | 3.76 |
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