Rochester Unemployment Remains Near Rock Bottom
Rochester, MN (KROC-AM News) - The unemployment rate for the Rochester area fell slightly last month, but remains higher than it was a year ago.
The latest jobs data from the Minnesota Department of Employment and Economic Development put the jobless rate for Olmsted County in May at 2.8-percent. That’s down a tenth of a point from April and is up 2-tenths of a point when compared to May 2016. The May rate is the lowest, so far, this year and is tied with Mower County for the lowest unemployment rate in the region.
Nearly every county in the southeastern corner of Minnesota enjoyed a drop in joblessness last month. Winona County was the exception with its unemployment rate for May matching the April rate. The biggest drop occurred in Fillmore County, where the 3-percent jobless rate was down 6-tenths of a point from April. Freeborn, Wabasha and Winona Counties were tied for having the highest unemployment in the region at a very low rate of 3.2 percent.