Local Look blogs: Healthy Growth Leads to Tight Labor Markets

Locla Look

Each month, DEED's Regional Analysis & Outreach unit produces a series of blogs exploring local labor market information. Please contact your regional analyst for more information.  

Twin Cities MetroTo put it simply: Social Assistance is growing quickly in the Twin Cities Metro Area. Between the third quarters of 2000 and 2017, this industry gained over 37,700 jobs, ballooning by an incredible 130 percent. During the Great Recession, when the region lost nearly 100,000 jobs, Social Assistance gained about 5,000 jobs, growing by over 11 percent. Since 2000, there has not been one year where Social Assistance has lost jobs..

Central MinnesotaDespite economic fluctuations in the region across other industries, health care and social assistance providers in Central Minnesota have continually added jobs over the past 17 years. Health care and social assistance accounted for 12.9 percent of total jobs in the second quarter of 2000, but after gaining just over 19,000 jobs from 2000 to 2017, the industry now comprises 17.9 percent of total employment

Northeast MinnesotaRecently released data from the Census Bureau shows that population in the Arrowhead region has decreased slightly since 2010. In fact, the 7-county Northeast Minnesota region recorded a loss of 1,311 residents, a 0.4 percent decrease. Compared to the state of Minnesota's 5.1 percent increase in population during that same time period, the Arrowhead region is lagging behind in attracting and retaining residents.

Northwest Minnesota: Following spring break, thousands of vocational and technical college students will be completing their degrees and re-entering the "real" world. Yet, many soon-to-be graduates are uncertain where they will end up. With DEED’s Graduate Employment Outcomes (GEO), gauging where their education will lead them is easier than it used to be. GEO data shows that, in the 2013-2014 school year, nearly 4,500 peers graduated from public two-year state colleges in Northwest Minnesota, and most are putting their post-secondary degrees and certificates to work.

Southeast Minnesota: The recent fourth quarter 2017 data release of DEED's Job Vacancy Survey shows that there were almost 11,000 job openings in Southeast Minnesota, a 30 percent increase compared to last year. When the number of current job seekers – based on the number of unemployed workers – is taken into consideration along with these vacancies, a startling issue arises – the region now has a 0.6 job seekers per vacancy ratio. The benefit for some job seekers could mean less competition for jobs, but this makes it difficult for employers to fill their current openings.

Southwest MinnesotaAfter ending 2017 with an average annual unemployment rate of 3.7 percent, tied for the lowest rate on record since 2001, employers in Southwest Minnesota are crying out for workers to fill their jobs. Of the 221,500 available workers in the labor force, just 8,100 were unemployed. During that same time frame, employers in the region also set a record for the highest number of job vacancies posted since 2001, with 9,015 openings reported in the most recent Job Vacancy Survey. At that level, there were more job vacancies than job seekers to fill them.