Minnesota unemployment rate holds steady

ST. PAUL, Minn. – Minnesota’s job market remained stable in February.

Over the month, employers cut about 700 jobs, effectively flat over the month. The state’s unemployment rate held steady at 3.0% for the fifth month in a row. That compares with the national jobless rate of 4.1%.

Minnesota’s labor force participation rate also remained at 68.1% in February, compared to 62.4% nationally.