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Minnesota Unemployment Drops to 3.3%, Jobs Surge

1/24/2025

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Summary

Story summary

Minnesota's unemployment rate fell to 3.3% in December 2024, outperforming the national average of 4.1%.
Employers created 4,100 new jobs, and the labor force expanded by 3,300 individuals.
Job growth has continued for six months, with a total increase of 37,500 positions in 2024.
Average wages increased by 5.4%, equating to nearly $2 per hour.

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Story summary

Minnesota's unemployment rate fell to 3.3% in December 2024, outperforming the national average of 4.1%.
Employers created 4,100 new jobs, and the labor force expanded by 3,300 individuals.
Job growth has continued for six months, with a total increase of 37,500 positions in 2024.
Average wages increased by 5.4%, equating to nearly $2 per hour.