Austin jobless rate ties 5-year lowPublished 8:15am Wednesday, June 26, 2013
The Austin unemployment rate tied a five-year low last month.
The jobless rate was 4.5 percent in May, tying the rate from November 2012, the lowest it has been since April 2008, according to data released Tuesday by the Minnesota Department of Employment and Economic Development. That’s also well below the rate from May 2012, when it was 5 percent. All rates are not seasonally-adjusted.
According to the report, there are 606 people actively looking for work in Austin out of a labor force of 13,456.
In Mower County, the jobless rate was 4.3 percent, also tying the rate from November 2012, the lowest it’s been since November 2008.
The May jobless rate was 4.3 percent in Rochester, 4.9 in Owatonna, 5.2 in Albert Lea, and 5.4 in Winona. Albert Lea’s rate is the lowest it has been since November 2007.
The seasonally adjusted unemployment rate in Minnesota for May was 5.3 percent, the same as it was in April. Minnesota continued its long streak of outperforming the national jobless rate, which in May was 7.6 percent.
—The Associated Press contributed to this report.