Minnesota’s unemployment rate holds at all-time low

The Mankato metropolitan statistical area had the highest job growth rate in the state from July 2021 to July 2022
Minnesota is breaking records with its unemployment rate.
Published: Aug. 18, 2022 at 10:09 AM CDT|Updated: Aug. 18, 2022 at 10:44 PM CDT
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MANKATO, Minn. (KEYC) - Minnesota is breaking records with its unemployment rate.

“This is the lowest unemployment rate ever reported by any state in the history of our country and currently in the history of that metric being measured by the BLS [Department of Bureau and Labor Statistics]. So we are remaining a nation-leading market for job accessibility,” said Steve Grove, commissioner of the Minnesota Department of Employment and Economic Development (DEED).

In July, Minnesota gained 19,000 jobs, up 0.7% from June. That follows the addition of 1,000 jobs in June.

“It means that we have a timely market in our state and there are a lot of opportunities, but we have the second-tightest labor market in the entire country. You know, I’ll say that we have across the state a lot over the past few months,” Grove added.

With the unemployment rate holding at 1.8%, Mankato Area Public Schools is feeling the brunt with several vacancies yet to fill.

“I think there are fewer applicants. The number of people applying for positions is less, looking at who the candidates are for making selections,” said John Lustig, director of administrative services at Mankato Area Public Schools. “The pool of people is not as deep as previous years, whether that is pandemic or post-pandemic or whatever that reason might be.”

MAPS held a job fair Thursday to try and bring new faces into their school district. Openings include lunch service, paraprofessionals and bus drivers, among others.

“We are always trying to attract people to positions. The job fair is just one component, we have an online component with questions. They can email our office, and we will give people more background information,” Lustig added.