Minnesota’s Unemployment Rate Ticks Down to 4.1% in April
May 20, 2021
St. Paul – Minnesota’s seasonally adjusted unemployment rate ticked down to 4.1% in April, from 4.2% in March, according to numbers released today by the Minnesota Department of Employment and Economic Development (DEED). The unemployment rate decline was due to people moving from unemployment to employment. The U.S. unemployment rate rose one-tenth to 6.1% in April.
For the fourth straight month, Minnesota gained jobs. Minnesota gained 11,300 jobs in April on a seasonally adjusted basis, up 0.4%, following growth of 20,400 (adjusted) jobs in March, 12,400 jobs in February and 51,600 jobs in January. Minnesota’s private sector gained 8,100 jobs of those 11,300 jobs in April, up 0.3%. The U.S. gained 266,000 jobs, up 0.2% over the month in April.
Minnesota lost 416,300 jobs from February through April 2020 and has since gained 235,300 jobs, or 56.5% of the jobs lost on a seasonally adjusted basis. The private sector has regained 57.7% of the jobs lost.