Minnesota’s unemployment rate is the highest it’s been in nearly four years.

New figures from the Minnesota Department of Employment and Economic Development, released Thursday, show the seasonally adjusted rate ticked up to 3.5 percent in July. That’s up from 3.3 percent the month before.

State records show the last time the seasonally adjusted rate reached 3.5 percent was in August 2021.

“We may now be seeing results of mass federal layoffs and funding interruptions, erratic tariffs and shrinking immigration,” DEED Commissioner Matt Varilek said in a news release. “Even so, some of the favorable qualities about Minnesota’s labor market remained consistent in July, with low unemployment, significant wage growth and high labor force participation.”

The latest report from the state show

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