Minnesota Job Growth Continues to Outpace Nation as Payrolls Hit Record High
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Minnesota hit a record high of over 3 million workers in October, showing strong economic recovery from the pandemic.
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The state added 7,000 jobs between September and October, marking the third consecutive month of job growth.
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The unemployment rate rose slightly to 3.2% but remains below the national average of 3.9%.
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Job growth in Minnesota continues to outpace the nation, with payroll jobs up 1.4% year-over-year.
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Wage growth is on par with inflation in Minnesota, a positive sign according to state labor officials.