State job growth cools in July after strong year
Minnesota lost about 1,900 nonfarm jobs in July, a 0.1% monthly decline that cooled a recent run of gains in the state's labor market.[1]
The report showed the unemployment rate fell to 4.3% even as labor force participation slipped to 66.9%, which remains well above the national 61.4% rate.[1] Over the year to July, Minnesota added 44,092 nonfarm jobs, a 1.5% increase compared with a 0.2% rise nationally.
After three straight months of job growth, July reversed that short streak and marked the first monthly decline since the spring.[1] Policymakers and employers will watch upcoming payroll reports to see whether July was a one-month pullback or the start of a slower pace of hiring.
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📌 Key Facts
- Minnesota added 44,092 non‑farm jobs over the year to July 2026, a 1.5% increase versus 0.2% nationally.
- The state lost about 1,900 non‑farm jobs in July on a seasonally adjusted basis, a 0.1% monthly decline.
- Unemployment fell to 4.3% and labor force participation dipped to 66.9%, remaining well above the national 61.4% rate.
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August 20, 2026