The state's unemployment rate fell half a percentage point in October, despite employers shedding jobs. “Minnesota’s unemployment rate is at its lowest level since the U.S. financial crisis in November 2008,” said DEED Commissioner Mark Phillips in a news release.
Minnesota's jobless rate falls to 5.9 percent
The unemployment rate fell half a percentage point even as employers cut 13,700 jobs in November. The chief of the state's Department of Employment and Economic Development says the mixed results make it hard to draw conclusions about how the labor market is really doing but says he's "cautiously optimistic."