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Gov. Walz Leads Minnesota to Lowest Unemployment Since ’99

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Minnesota is seeing its lowest unemployment numbers since the turn of the century. According to new data, Minnesota’s unemployment rate fell to 2.7% — more than a full percentage point below the U.S. average employment rate and Minnesota’s lowest unemployment rate since 1999.

Gov. Tim Walz has taken significant steps to boost the economy for all, contributing to these record-breaking unemployment numbers. He has invested in small businesses to get them back on their feet following the pandemic; made historic investments in infrastructure projects, and has given middle-class Minnesotans a tax break.

But his work to create a strong labor force and economy doesn’t stop there — Gov. Walz’s proposed state budget would provide even more support for businesses, and it would give direct payments of $500 per individual to help offset rising costs.

“Minnesotans are seeing the direct impacts of Gov. Walz’s leadership on the economy,” said DGA Senior Communications Advisor Christina Amestoy. “Gov. Walz has created jobs, supported Minnesota businesses, and spurred economic development in Minnesota — and he’s just getting started. He continues to work to create an economy that works for all Minnesotans with each day in office.”