DEED Examines: Where are the Job Seekers?
Wednesday, September 30, 2020
St. Paul - The Minnesota Department of Employment and Economic Development (DEED) released a new article that examines the question many Minnesota employers are asking right now: Where are the job seekers? Employers in industries such as Health Care, Hospitality, Retail and Food Service are desperate for staff at a time when the statewide unemployment rate is at 7.4%.
While the August unemployment rate is lower than it has been the last few months, it is still 4.5 points higher than in March 2020. This 7.4% unemployment rate in Minnesota represents over 230,000 unemployed workers – over two-and-a-half times the number of active job seekers in March 2020.