State's Unemployment Rate Drops Below 3 Percent for 1st Time in Nearly 19 Years

According to DEED, construction, government, and leisure and hospitality industries were the top three sectors that have experienced job increases in August. Photo: AP/Seth Wenig, File
According to DEED, construction, government, and leisure and hospitality industries were the top three sectors that have experienced job increases in August.

September 20, 2018 01:50 PM

Minnesota's seasonally-adjusted unemployment rate dropped to 2.9 percent in August, the lowest it has been in nearly 19 years.

The last time Minnesota experienced an unemployment rate below 3 percent was in December 1999.

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According to the Minnesota Department of Employment and Economic Development (DEED), the state has added 50,904 jobs this year.


More from KSTP.com:

DEED: Minnesota's Unemployment Rate Lowest Since 2000

US Gains 223K Jobs; Unemployment at 18-Year Low of 3.8 Percent


"The annual job growth figures point to a state labor market that is growing strong," DEED Commissioner Shawntera Hardy said in a statement. "Among other positive signs, the number of unemployed Minnesotans last month fell below 90,000 for the first time in over 18 years."  

According to DEED, construction, government and leisure and hospitality industries were the top three sectors that have experienced job increases in August.

The national unemployment rate for August was 3.9 percent.

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Rebecca Omastiak

Copyright 2018 - KSTP-TV, LLC A Hubbard Broadcasting Company

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