Initial Claims in Minnesota
MNICLAIMS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,867.00
Year-over-Year Change
8.29%
Date Range
6/17/2006 - 8/9/2025
Summary
The 'Initial Claims in Minnesota' metric tracks the number of new unemployment insurance claims filed in the state of Minnesota. This data provides insights into the state's labor market and economic conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Initial Claims in Minnesota metric represents the total number of new claims for unemployment insurance benefits filed by workers in the state. This data is used by economists and policymakers to monitor trends in the Minnesota labor market and gauge the health of the state's economy.
Methodology
The data is collected by the U.S. Department of Labor from state workforce agencies.
Historical Context
Initial claims data is closely watched by the Federal Reserve and other institutions to inform economic policy decisions.
Key Facts
- Initial claims in Minnesota peaked at over 130,000 in April 2020 during the COVID-19 pandemic.
- Minnesota's initial claims have returned to pre-pandemic levels as the economy has recovered.
- Initial claims data is released weekly by the U.S. Department of Labor.
FAQs
Q: What does this economic trend measure?
A: The Initial Claims in Minnesota metric measures the number of new unemployment insurance claims filed by workers in the state. It provides insight into the health of Minnesota's labor market.
Q: Why is this trend relevant for users or analysts?
A: This data is closely monitored by economists and policymakers to assess the state of Minnesota's economy and inform decisions around employment, labor market policies, and economic stimulus.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Department of Labor from state workforce agencies that process unemployment insurance claims.
Q: How is this trend used in economic policy?
A: Initial claims data helps the Federal Reserve and other institutions understand labor market conditions and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Initial Claims in Minnesota data is released on a weekly basis with minimal delay, providing timely insights into the state's economic conditions.
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Citation
U.S. Federal Reserve, Initial Claims in Minnesota (MNICLAIMS), retrieved from FRED.