Record low unemployment

It is all over the news. The unemployment rate in Minnesota is 1.8% which is a record low for Minnesota and lower than any state has recorded. It looks like good news but from a practical point of view landing, a job isn’t easy, especially one that pays enough so that the employee can afford food, clothing, and housing.

I think the unemployment rate is higher for non-white, non-male persons, and those over 50.  I don’t have the numbers I am just guessing.

However, low unemployment is a good thing and it is good for the housing market too. People who migrate to Minnesota from coastal regions find that our housing is more affordable and that there are opportunities here.

Claims for unemployment insurance are low but not at an all-time low.

minnesota unemployment
1.8% unemployment rate – data from national bureau of labor statistics
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