States · Minnesota

Minnesota Economy — Live Data

Tracking the Minnesota economy: unemployment at 4.4% (above the national rate of 4.2%), plus job growth, home prices, and income — all sourced from the Federal Reserve and Bureau of Labor Statistics, in plain English.

Unemployment Rate
4.4%
▲ Above US average (4.2%)
Nonfarm Jobs
3.05M
▲ +0.6% jobs YoY
House Prices (YoY)
+3.8%
▲ Rising
Per-Capita Income
$79K
▲ +4.0% vs prior year
Minnesota vs. United States — Unemployment
Minnesota
4.4%
United States
4.2%

Minnesota is running above the national unemployment rate. At 4.4% vs 4.2% nationally, local job seekers face a somewhat tougher market than the US average.

Jobs & Output
Nonfarm payrolls
3.05M
Job growth (YoY)
+0.6%
Real GDP (2025)
$406B
GDP growth (YoY)
+1.6%

Payrolls are monthly (BLS); GDP and income are annual (BEA). Key sectors in Minnesota: medical devices, retail, and food processing.

What this means if you live or work in Minnesota
💼
Job market
With unemployment at or above the national average, hiring in Minnesota is more employer-friendly — job seekers should expect more competition per opening.
🏠
Housing
House prices are rising moderately (+3.8% YoY) — a balanced market by recent standards.
💵
Income
Per-capita personal income in Minnesota is $78,538, up 4.0% from the prior year. Compare against national inflation to gauge real purchasing power.
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Key industries
Minnesota's economy leans on medical devices, retail, and food processing — sector-specific national trends (energy prices, rates, consumer spending) hit this state through those channels first.
Key Numbers — Minnesota
Unemployment4.4%
US unemployment4.2%
Nonfarm jobs3.05M
House prices YoY+3.8%
Per-capita income$78,538
Real GDP$406B
Labor data as ofMay 2026
Nearby States
Wisconsin economy → Iowa economy → North Dakota economy → South Dakota economy → All 50 states →
National Data
US labor market → US housing data → US inflation → Full dashboard →

Data: FRED (Federal Reserve Bank of St. Louis) — series MNUR, MNNA, MNSTHPI, MNPCPI, MNRGSP — plus BLS and BEA. Live values load on page open; figures shown are the most recent official releases. Not financial advice.