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Saturday, November 2, 2024

Minnesota’s unemployment rates improve in November

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Minnesota’s unemployment rate fell according to the seasonally adjusted records released for November. | Stock Photo

Minnesota’s unemployment rate fell according to the seasonally adjusted records released for November. | Stock Photo

Minnesota’s unemployment rate fell according to the seasonally adjusted records released for November, the Minnesota Department of Employment and Economic Development (DEED) reported.

The figures are down to 4.4% for November, which is down from the 4.6% that was announced in October. 

The November employment figures were collected before Nov. 21. The number of unemployed residents fell notwithstanding the ban on in-person service that was forced on restaurants and bars. At the time, bars and restaurants were temporarily suspended from allowing in-person dining. 

Additionally, fitness and entertainment centers were briefly closed in an effort to control the spread of the coronavirus.

DEED personnel highlighted in a press release that they foretell a hopeful outcome soon.

“We can see the light at the end of the tunnel, but many Minnesota workers and businesses still have several tough months ahead while vaccinations are distributed and the pandemic is brought under control,” DEED Commissioner Steve Grove said in a press release. “Bipartisan support for relief targeted to suffering Minnesota small businesses and unemployed workers means help is on the way. This assistance serves as a bridge to hold people over until the arrival of additional federal funding, which remains essential for economic recovery over the coming months.”

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