Olmsted County Jobless Rate Back Below 3%
St. Paul, MN (KROC-AM News) - Unemployment in the Rochester area continues to trend lower.
The latest jobs data from the Minnesota Department of Employment and Economic Development shows the non-seasonally adjusted jobless rate for Olmsted County slid back below 3-percent last month. The 2.8-percent rate was down 3-tenths of a point from July and 2-tenths of a point below the rate from August of last year.
The area’s unemployment rate also fell below 3-percent last fall before seasonal factors pushed it as high as 3.8-percent in the spring. The lowest it got last year was 2.5-percent in October.
Throughout the region, every County reported lower jobless rates in August. The biggest declines were in Wabasha and Freeborn counties at half a point. Olmsted County sported the lowest rate, while Freeborn and Fillmore counties of the highest rates at 3.5-percent.