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By the Numbers

by Derek Teed
derek.teed@state.mn.us
August 2019

It is important to see a general snapshot of the health of the Minnesota economy by looking at the unemployment statistics. With these statistics we can compare the U.S. and Minnesota. Minnesota has a much larger Labor Force Participation Rate at 70% versus the U.S. at 63.6%. Minnesota’s Unemployment Rate is also .6% lower than the U.S. (see Table 1).

Table 1. Minnesota Unemployment Statistics, July 2019

Geography

Labor Force

Labor Force Participation Rate

Employment

Employment to Population Ratio

Unemployment

Unemployment
Rate

U.S.

164,941,000

63.6%

158,385,000

61.1%

6,556,000

4%

Minnesota

3,107,031

70%

3,002,476

67.7%

104,555

3.4%

Source: DEED Local Area Unemployment Statistics (LAUS). Seasonally Adjusted.


Most Numerous Occupations

Another important thing to consider is which specific jobs are most numerous in Minnesota by 6-digit SOC code. In Table 2 we see the occupations that employ the most people. It is important to think about these occupations, because public policy decisions and the changing economy will most likely impact these people based on how many there are.

Table 2. Largest 6-Digit SOC Code Occupations by Total Employment in Minnesota, 1st Quarter 2019

SOC Code

SOC Title

Total Employment

25-XXXX

Teachers, which includes 25-1011 to 25-2059

105,870

41-2031

Retail Salespersons

87,430

39-9021

Personal and Home Care Aides

75,830

29-1141

Registered Nurses

69,000

35-3021

Combined Food Preparation and Serving Workers, Including Fast Food

66,060

41-2011

Cashiers

65,840

Source: DEED Occupational Employment Statistics (OES)


Largest Impact Industries

It is also important to think about which type of jobs had the largest overall impact on Minnesotans. This can be accomplished by looking at the largest increases in Total Wages paid out by different 3-digit NAICS industries from 2011 to 2018. This shows us what industries increased the combination of their employment and wages the most, thus having the most impact on Minnesotans over time. In Table 3 we see the Total increase in Wages paid out in Professional, Scientific, and Technical Service (541) was $5.6 billion, which is the largest increase of any 3-digit NAICS industry.

Table 3. Largest Percent Increases by Industry in Minnesota from 2011 to 2018

Industry (NAICS)

Number of Jobs 2018

Number of Firms 2018

Total Wages Paid 2018

Average Annual Wage 2018

Total, All Industries

2,881,140

175,211

$167,150,000,000

$58,032

11%

6%

34%

21%

Professional, Scientific, and Technical Service (541)

163,394

22,225

$15,471,603,215

$94,640

27%

17%

57%

24%

Ambulatory Health Care Services (621)

156,836

7,721

$11,732,317,563

$74,776

24%

11%

43%

15%

Educational Services (611)

230,907

4,275

$11,586,261,270

$50,180

7%

7%

26%

18%

Management of Companies and Enterprises (551)

81,229

1,471

$10,339,222,898

$127,400

12%

19%

30%

16%

Merchant Wholesalers, Durable Goods (423)

74,113

6,996

$6,190,694,730

$83,512

23%

30%

58%

29%

Source: DEED Quarterly Census of Employment and Wages (QCEW)

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