The Minnesota Unemployment Rate dipped down to 5.6% for January 2012, Seasonally Adjusted figures. I don’t really trust these figures because of the way the figures are calculated now is different than even in 2008. So I like to compare the unemployment rate with the number of jobs as another benchmark.
The jobs numbers look like late 2004 to early 2005 levels, however that was 7 years ago and we have had thousands of high school and college grads enter the workforce competing for the same number of jobs. In other words, we have a long ways to go – but there is some positive movement in the right direction.
- Employment Situation Preview (calculatedriskblog.com)
- Minnesota Unemployment Rate & Employment Dec 2011 (craigkamman.com)