Report: Minnesota's economy saw increased unemployment, slowed growth in July

Minnesota’s unemployment increased while other economic indicators showed signs of slowing last month, mirroring national trends.

According to a recent report from the Minnesota Department of Employment and Economic Development, the state’s unemployment rate reached 3.5% in July, marking an increase from 3.3% in June.

Minnesota also lost 4,400 jobs last month, while more than 1,700 residents left the labor force. The state’s latest labor force participation rate is 68.1%.

Nationally, the unemployment rate is reported to be 4.2%, while the labor force participation rate is 62.2%.

The education and health services sectors each gained jobs in July, while the government, professional services, trade, transportation and utilities sectors lost jobs.

Still, DEED noted that Minnesota has gain