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TWIN CITIES: According to the latest 5-year estimates from the Census Bureau's American Community Survey, the Twin Cities Metro Area has a number of unique commuting characteristics:
* The mean travel time to work was just under 25 minutes
* A higher share of workers (5.4%) use public transportation than the state (3.6%)
* More women (5.9%) use public transportation than men (4.9%), while more men bicycle to work (1.3%) than women (0.7%)
* Just over 86,300 people reported working from home
* Nearly half of workers report leaving for work between 6 and 8 a.m. (rush hour traffic!)
CENTRAL MINNESOTA: Central Minnesota employers have been posting record numbers of job openings the past few years, and the labor market has never looked better for job seekers. Many workers carefully assess factors like schedule, location, benefits, and work environment or management, among others. Yet the most important factor for typical job seekers (both employed and unemployed) is wages.
NORTHEAST MINNESOTA: Projections show that Northeast is forecasted to be one of the slowest growing regions in the state, ahead of only Southwest Minnesota. The state of Minnesota is projected to grow 5.9 percent in total employment by 2026, whereas Northeast is expected to see only 1.1 percent growth. This lagging of the region’s economy is due to a stagnant and aging population and labor force.
NORTHWEST MINNESOTA: With a total of about 566,000 people, Northwest Minnesota’s population has been growing but also aging over time. There are now six generations living together, with Baby Boomers still comprising the largest generation in the region, with just over 143,000 people, followed by Generation Z with about 131,000 youngsters and Millennials with 126,000 people. The region has a relatively small representation from Generation X with about 100,000 people, while the two oldest generations – Silent and Greatest – have the smallest population at about 66,500.
SOUTHEAST MINNESOTA: At some point, many sociology majors may be asked: “What are you going to do with a degree in sociology?” That can be a tough question to answer since there are very few jobs as sociologists. So, what occupations are they working in? DEED has a new Bachelor's Degree and Career Destination data tool that visually displays fields of study at the bachelor’s level and the observed labor market outcomes for Minnesota residents.
SOUTHWEST MINNESOTA: Southwest Minnesota, like the rest of the state, is in the midst of a significant population shift as baby boomers get older and jump up to the next higher age brackets. The most recent estimates from the U.S. Census Bureau show that those age 55 and over make up almost one-third (32.3%) of the total population in the region, an increase of 24 percent from 2000. With this aging of the population, there is a subsequent impact on the labor force. Currently, workers 55 and older make up 25.7 percent of the labor force, but will they become more engaged in the labor force than the current norms?
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Attention entrepreneurs, business leaders, economic development professionals and community leaders!
The University of Minnesota Extension Center for Community Vitality invites YOU to join us for Minnesota’s inaugural Connecting Entrepreneurial Communities Conference. The City of Waseca, our conference planning partners, and sponsors have helped us create a conference experience that will celebrate and accelerate entrepreneurship in Minnesota.
You’ll leave this conference more connected, more inspired, and ready with tools and ideas to advance small business in your community.
Keynote Speakers:
Amanda Brinkman, Chief Brand and Communications Officer at Deluxe Corporation
Tom Smude, Co-Owner of Smude Enterprises, LLC
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