Advertisement

Unemployment rate in Minnesota drops to 7.4 percent

Minnesota Department of Employment and Economic Development Photo: KSTP. Minnesota Department of Employment and Economic Development

KSTP
Updated: September 17, 2020 10:59 AM
Created: September 17, 2020 10:47 AM

The unemployment rate in Minnesota continues to drop after a high rate was reported in May, according to the Minnesota Department of Employment and Economic Development. 

According to DEED, the state's unemployment numbers dropped to 7.4% in August. The national unemployment rate in August was set at 8.4%.

Advertisement

An estimated 40,500 payroll jobs were also added in August, which is up 1.5% from August. 

COVID-19 danger continues to drive joblessness in US

Unemployment saw a high in May, when the rate reached 9.9%. The number has continued to drop through the summer. 

"We are continuing to see steady job growth and a decline in unemployment in Minnesota, but it will take some time to replace jobs lost during the pandemic," DEED Commissioner Steve Grove said in a statement. "While job growth in Minnesota was stronger in August than in July, growth continues to be uneven across industries and occupations. People in lower-income occupations continue to be most impacted by job loss."

According to DEED, some Minnesotans have been more affected by unemployment during the pandemic. 

State numbers show that on a six-month average, the unemployment rate for Black Minnesotans is 16.3% in August, and the unemployment for Hispanic Minnesotans was at 9.7%. White Minnesotans have an unemployment rate of 6.7% in August, according to DEED. 


Copyright 2020 - KSTP-TV, LLC A Hubbard Broadcasting Company

Comment on Facebook
Advertisement

Investigation underway into cause of fatal Inver Grove Heights fire

9-year-old boy shot in St. Cloud, father says son out of hospital

Minnesota National Guard deploys for first federal cybersecurity mission

Shorter days, onset of winter weather signal difficult season for mental health

Senate votes to advance Barrett; confirmation expected Monday

MDH: 21 new COVID-19 deaths, 1,684 new cases

Advertisement