Labor Market Information
Your Regional Local Look
Fittingly firefighters, police officers, correctional officers, security guards, detectives and investigators are all found within the protective services occupational group. According to DEED’s Employment Outlook tool, occupations within protective services are anticipated to grow by 5.8% between 2016 and 2026 in the Twin Cities metro region. While that is equivalent to more than 1,600 net new jobs, additionally there will also be nearly 15,000 labor market exit openings in protective services during this time, as current workers retire or otherwise leave their current positions. The Metro Area is going to need people interested in working in protective services occupations both today and in the near future.
If you have ever thought about having children, you might have asked: can I/we afford children? This common but difficult to answer question unfolds over two decades for many families as they raise their children from birth to adulthood. DEED’s Cost Of Living tool can provide a little insight into the typical costs for increasing the size of your family. In Central Minnesota, over three-quarters of families that have a child/children (18 years or younger) are married couples with an average median income of $102,021. The other 24 percent of families are single-parent householders, either female or male, with much lower incomes
It’s important to know where graduates of postsecondary programs in Northeast Minnesota schools are most likely to end up living and working. It’s also important to know which programs have more graduates remaining locally, at least initially. Are community colleges true to their name – do they serve local students and employers? DEED’s Graduate Employment Outcomes (GEO) Tool provides insight into regional employment trends by institution and instructional program.
An important contributor to the regional economy that isn’t covered by the Quarterly Census of Employment and Wages data program is that of nonemployers, defined by the Census Bureau as “businesses without paid employees that are subject to federal income tax, originating from tax return information of the Internal Revenue Service (IRS).” Sometimes referred to as independent contractors or freelancers, much has been written about this type of workers as this type of economy continues to grow nationally and regulation issues arise. With data from the Census Bureau’s Nonemployer Statistics, we can analyze the trend of nonemployers in Northwest Minnesota and measure their impact on the regional economy with sales receipts.
The cost of post-secondary education in the U.S. is rising across the board according to data from the National Center for Education Statistics, although the amount of increase varies depending on the type of post-secondary institution. The price tag for tuition climbed by 67% for private 2-year colleges and 125% for public 4-year universities between the 2000-01 and 2016-2017 school years. Public 2-year college remains the lowest cost option, although it increased by 109% in that same time frame. Thankfully, according to DEED’s Occupations in Demand data, there are several jobs in Southeast Minnesota that can be started with a high school diploma, show demand, and also pay over $50,000 annually.
Despite economic fluctuations in the region across other industries, health care and social assistance providers in Southwest Minnesota have continually added jobs over the past two decades. The health care sector gained 8,195 net new jobs from 2000 to 2019, now comprising 18.1% of total employment. While the number of jobs across the total of all industries expanded just 1.2% from 2000 to 2019, the health care and social assistance industry jumped 35%. In fact, the region would have lost jobs over the past 19 years if it weren’t for the job gains experienced in health care and social assistance.
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