MN Unemployment Rate at 3.3 Percent 17 Nov 17

(Learfield News Service/St. Paul, MN)  Minnesota’s unemployment rate fell to 3.3 percent in October, its lowest level in 17 years.

State job analyst Steve Hine says, “This puts the unemployment rate below any rate that we’ve seen in the recovery since the Great Recession and in fact below any rate that we saw between the 2001 and 2008 recessions.”

Hine says the jobless rate isn’t as low as we saw in the late 1990s when our employment rate fell to 2.5 percent but says we’re headed in the right direction.

The state lost 45-hundred jobs in October and most of the sectors, seven out of the 11 major industry sectors did lose jobs.

Hine says the biggest job losses were in education and health services down 23-hundred, followed by trade, transportation and utilities down 16-hundred.