While the national economy still isn't firing on all cylinders, the engine is really revving up in Minnesota. Lots of good things are happening, and business pundits, economic analysts and list makers from around the country are taking notice. Here are just a few of the recent accolades that have come our way.
When students decide to major in a field of study, they often lack important information about labor market outcomes. Are there jobs in their field? What do they pay? Is the industry stable enough to ensure long-term employment?
The Great Recession sent shock waves through the U.S. labor market, with more than 8 million people, including 160,000 Minnesotans, losing their jobs from the end of 2007 through 2009. People with disabilities were among the hardest hit populations during that period, with their employment rates declining even more dramatically than the general population.
The Minnesota Job Creation Fund is starting to pay dividends.
Like a lot of industries these days, the trucking and transportation sector is thinking about its future workforce. According to the Bureau of Labor Statistics, the average age of a commercial truck driver in the United States is 55. Who exactly is going to fill those and other driving jobs when baby boomers start turning in their ignition keys in the next few years?
Minnesota employment rebounded with solid growth in March after a slow start to the year that might have been related to the state’s worst winter in three decades.
With the recovery in full swing, Minnesotans are heading off to work each day in record numbers. Minnesota’s nonfarm wage and salary employment reached a record high last year and was just 5,200 workers short of crossing the 3 million mark in February.
There are many ways to measure the economic success of a state, from looking at the unemployment rate to tracking job creation and measuring the value of goods and services produced. Another indicator is the number of business expansions over the past year. If 2013 is any indication, then Minnesota’s economy is on a hot streak.
Despite one of the coldest Januaries in recent memory, Minnesota employers continued to add jobs during the month.
DEED released figures this morning that showed the state gained 600 jobs in January – the sixth consecutive month of job growth in Minnesota. Total employment in the state is now over 2.8 million for the first time in history.
Water technology is big business in Minnesota, accounting for more than $729 million in foreign sales alone in 2012. Minnesota is among the top 10 exporters nationally of water and wastewater treatment technology, and the industry employs nearly 15,500 people in the state, including engineers, hydrologists and conservation scientists.