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The Last Word

by Carol Walsh, Editor-in-Chief
carol.walsh@state.mn.us
June 2018

Eleven years ago Minnesota was on the cusp of a recession that cost over 160,000 jobs and left 235,000 people unemployed. Much has changed since then. After nine consecutive years of economic growth, Minnesota faces labor market conditions as tight as anyone can remember. New reality: Minnesota set a fourth-quarter record with nearly 114,000 job vacancies late last year and had more open jobs than people to fill them. Employers were scrambling to fill vacant positions. With Baby Boomers continuing to retire, economists expect tight labor market conditions to persist for some time. What that will mean for the overall economy is anybody’s guess. Read about the new era of worker shortages in Review

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