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Tighter Labor Market May Open Doors
Minnesota Public Radio-12/23/15
Economic sages have warned for years that Minnesota's much higher jobless rates for blacks and other minorities would cripple the state's prosperity. Now with only eight unemployed people for every 10 job postings in Minnesota and baby boomers retiring in droves, it's increasingly a worker's job market. That's prompting employers to consider hiring people they may have overlooked in the past.
Business Heats Up at Central Boiler
Minneapolis Star Tribune-12/28/15
Central Boiler, which makes high-efficiency outdoor furnaces in Roseau County, takes care of its employees with higher-than-average salaries and profit sharing. DEED's Chet Bodin says manufacturing is a major employer in the region, accounting for about half the jobs. “Manufacturing tends to pay better and offer more stable jobs,” he says.
Minnesota had the second-highest labor force participation rate in the country in November at 69.9 percent. The U.S. average was 62.5 percent. To see more about how Minnesota stacks up with the rest of the country, check out our Statistical Snapshot on the DEED website.
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DEED Awards Job-Training Grant
DEED awarded Century College a $346,717 grant under the Minnesota Job Skills Partnership to train 297 International Paper employees. The two-year program will train employees located in Arden Hills, White Bear Lake, Fridley and Minneapolis, which produce and distribute industrial containerboard and corrugated packaging. International Paper, a global leader in packaging and paper, has operations in North America, Europe, Latin America and Asia,
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Thirteen minority-owned business were among the 115 businesses that received investments under the 2015 Minnesota Angel Tax Credit Program. They include 75F in Mankato, BookBottles LLC in Minneapolis and ByME Inc. in Blaine. Read more about all 13 businesses in the latest DEED Developments blog post. |
 If you love numbers and what they tell us about the economy, take a look at DEED's Minnesota Employment Review. The monthly newsletter provides the latest data on jobs, wages, employment, occupations and industries in Minnesota. The latest issue includes a story that looks at the seismic shift that is occurring in the state's workforce as baby boomers reach retirement age. Go here to read the latest installment of Minnesota Employment Review.
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