The unemployment rate in Minnesota is the lowest of any state ever

Not only did Minnesota move up a notch higher in the world rankings for having the lowest unemployment rate in the country. At 1.8%, it’s now officially the lowest of any state ever.

“Just think about it,” said Steve Grove, commissioner of the Minnesota Department of Employment and Economic Development (DEED). “We have the lowest unemployment rate ever in the USA since that number was recorded.”

This is largely a good thing for workers, as it gives them options and puts upward pressure on wages and benefits. It also forces employers to look deeper into the labor pool of workers.

On the flip side, it means higher costs for employers, which can translate into higher prices for goods and services. Ultimately, this may slow the growth of Minnesota’s economy.

Grove took note of the record during his visit Monday to the Minnesota Valley Transit Authority garage in Eagan, the last stop of DEED’s “Summer Jobs” campaign.

This summer, the agency highlighted people who tend to overlook their jobs — older workers, immigrants, people with disabilities and those recently released from correctional facilities — as a solution to the state’s tight labor market.

Minnesota’s unemployment rate hits Standard Bottoms In recent months but underdeveloped nebraska lowest rate in the country.

When Minnesota’s rate for June was released last Thursday, it was half the national average of 3.6% and DEED officials Guess The state may have passed Nebraska for the lowest score.

On Friday, they confirmed that this is the case when the Bureau of Labor Statistics released full list from state data. It also showed that Minnesota has The lowest unemployment rate ever recorded Since BLS started tracking it in 1976.

One of the main challenges facing Minnesota is that its workforce of about 3 million workers is 73,000 fewer than it was before the pandemic. There are now more than two vacancies for every unemployed person in the state.

But with wages rising, employers may soon slow the hiring rate. Interest rates are also rising as the Federal Reserve tries to rein in inflation. Many economists expect a jump in unemployment later this year as employers trade off because of rising labor and capital costs.

The focus at Monday’s event was on hiring people with disabilities, who tend to have higher unemployment rates than the general population.

“Many are willing, willing and able to act,” Grove said. “They are great problem solvers. They’ve spent their whole lives solving problems.”

DEED provides pre-employment transition services for people with disabilities through partner organizations where students get some training and job exposure. The goal is to ensure that every student has at least one paid work experience prior to graduation. It helps them build skills and confidence — and their resume — so they can land jobs in the future, said de Torgerson, director of vocational rehabilitation services at DEED.

It encouraged employers to contact DEED if they wished to communicate with workers with disabilities.

Burnsville-based Schmitty & Sons, which works with the MVTA, has hired four special needs students for super clean buses this summer.

Ally McCullough, director of human resources for Bechmiti, wasn’t sure how she would fill those positions after some of the college students she hired the previous summer moved to other jobs.

So she was excited when she received an email from Great Work, a DEED partner who runs a transition program, about giving the students a tour of the company. Even better, she had four jobs to offer for $16 an hour.

“They were great employees,” McCullough said. “We were struggling until the last minute and I think finding people to work this summer. So it was great.”

One student, Asher Thule of Burnsville, said the task isn’t that difficult, aside from dealing with “the grit and grime.”

It’s plain and simple work, said Thule. “And the pay is good, which is always a plus.”

He plans to work as a janitor at his father’s veterinary clinic once his summer job is over.

Chelsie Gibbs, founder and director of Great Work, noted that the state has historically relied on separate work options or sheltered workshops to hire people with disabilities. So having PWD in ‘community jobs’ is fairly new for many employers. She said organizations like hers can help with the transition.