Minneapolis Economy Loses $20 Million Weekly as Unemployment Hits 4.5%

The Minneapolis-St. Paul-Bloomington metro area posted an unemployment rate of 4.5 percent not seasonally adjusted in the most recent metro data, matching Minnesota's statewide rate in April 2026.

Current Losses and Business Conditions

The Minneapolis economy is currently described as reeling with weekly losses exceeding 20 million dollars. This stems from a significant decline in business activity and revenue that coincides with ICE's Operation Metro Surge.

Employment Share and Output

The metro area's gross domestic product stood at 371 billion dollars in 2025. The region accounts for 60.2 percent of the state's total employment, supported by 1,763,350 covered jobs in 2024. Nonfarm payrolls in the metropolitan area averaged 1.97 million during the three months ending April 2025. That total represented a 0.7 percent increase from the previous year, though job growth is slowing.

Income and Wage Indicators

Median household income in Minneapolis reached 82,453 dollars in 2025. The metro area's average annual wage is 81,068 dollars, which is 9.2 percent higher than the state average. These numbers offer a quantitative view of household and worker earnings across the region. The combination of steady unemployment readings, payroll totals, and income levels sits against the backdrop of reported weekly losses. Local businesses continue to navigate reduced activity tied to the enforcement operation. Data sources include the Minneapolis Fed regional indicators and Greater MSP regional insights for output and employment shares. Additional detail comes from HUD user metro charts and MN Compass payroll records. The figures trace directly to reports covering 2024 through April 2026. Readers seeking updates can monitor releases from the same state and federal statistical outlets for any shifts in these tracked measures.