Minnesota’s unemployment rate remains low at 2.1 percent

Minnesota’s unemployment rate remained historically low, and the state saw high levels of job growth in the October snapshot from DEED.

According to a release, the state gained 17,400 jobs last month, all from the private sector.

The unemployment rate is 2.1 percent, up one-tenth of a point from September.

Commissioner Steve Grove remarked the state is “outpacing the country in job growth by half a percentage point.”

Wages grew faster last month than in September, but still not enough to keep up with inflation.

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