Not Defined

Unemployment Rate

City of Eden Prairie

Metric Definition

Percentage of the total labor force in Eden Prairie that is unemployed and actively seeking employment.
Unemployment rate
Chart
Bar chart with 3 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying Unemployment Rate. Range: 0 to 10.
End of interactive chart.
Analysis

Eden Prairie's unemployment rate continues to be much lower than state and national averages due to its strong business environment.
Why is this Important?

A low unemployment rate indicates residents are working, contributing to the local economy and able to pay property taxes. Stable employment also helps keep the City's bond rating high.
Source