United States Congress Joint Economic Committee

Minnesota

November 2016

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Labor Market (BLS/Haver)
Most Recent Prior Month 12 Mo. Prior
Minnesota Unemployment (U-3) 4.0% 4.0% 3.6%
U.S. Official Rate (U-3) 4.9% 5.0% 5.0%
U.S. "Real" Rate (U-6) 9.5% 9.7% 9.8%
Minnesota Labor Force Participation Rate 69.2% 69.4% 70.2%
U.S. Labor Force Participation Rate 62.8% 62.9% 62.5%
Prices (BLS/Haver, AAA)
Most Recent Prior Month 12 Mo. Prior
CPI-U Inflation 1.5% 1.1% 0.0%
"Core" CPI Inflation 2.2% 2.3% 1.9%
National Gas/gal. Updated 11/8/16 3:38 AM $2.21 $2.26 $2.22
Minnesota Gas/gal. $2.04 $2.18 $2.25
Midwest Region: Loaf of Bread $1.23 $1.23 $1.32
Midwest Region: Milk/gal. $2.78 $2.77 $2.93
Economic Growth (BEA, WSJ/Haver)
U.S. Real GDP
Q3/2016 (1st Estimate)
2.9%
MN Real GDP
Q1/2016
0.2%
S&P 500 (YTD)
4.28% Updated 11/8/16 6:30 AM
Obamacare Premium Increases Updated 11/1/16
Nationwide 25.2%
Minnesota 55.5%
Minimum Wage (DOL/WHD)
National Hourly Rate
$7.25
MN Hourly Rate
$9.50
Last Generated: 11/8/16 6:30 AM