July employment trends for 2026 saw Minnesota’s unemployment rate ticked down one-tenth of a percentage point to 4.3% and the labor force participation also drop by one-tenth of a percentage point to 66.9%, compared to the national rate of 61.4%.
“Despite a number of headwinds, Minnesota employers have added more than 44,000 jobs over the year, with growth across a broad range of industries,” said DEED Commissioner Matt Varilek. “While monthly numbers can fluctuate, Minnesota’s strong year-over-year growth shows the resilience of our diverse economy. We remain focused on connecting Minnesotans with good jobs and helping employers find the workers they need to grow.”
July 2026 – Unemployment
Year-over-year/Month-over-month comparison
- -0.1% from June 2026
- +0.5% from July 2025
Minnesota’s unemployment rate ticked down one-tenth of a percentage point to 4.3% and the labor force participation also drop by one-tenth of a percentage point to 66.9%, compared to the national rate of 61.4%.
*Data from US Bureau of Labor Statistics
July 2026 – Jobs Gained
Jobs Gained & Industries Affected
- 2,400 Professional Services
- 900 Other Services
- 100 Mining & Logging
“The July numbers show some cooling over the month, but the longer-term picture remains considerably stronger,” said Angelina Nguyen, DEED Labor Market Information Director. “Minnesota’s 1.5% over the year growth significantly outpaced the national rate, with eight of 11 major industry sectors adding jobs. At the same time, continued declines in labor force participation and wages are indicators we will continue watching closely.”
Key News & Trends
- Why Is Demand for Interim Finance and Accounting Talent Growing? | Versique Learn More
- What Minnesota Candidates Should Keep in Mind Right Now | Versique Learn More
- Executive IT is on the Move in 2026 | Versique Learn More
