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December 2018 - Minnesota Economic Trends

With Minnesota’s low unemployment rates and a labor force that’s inching along, Luke Greiner looks at automation’s role in maintaining Minnesota’s global position using the Information Technology & Innovation Foundation’s ‘at risk’ index of occupations.

Signs of Minnesota’s tight job market continue to pile on. In addition to the headline unemployment rate, known as the official rate or U-3, Dave Senf looks at other measures of labor underutilization to determine whether part-time workers can move from the ranks of underemployed into full-time jobs.

Elsewhere, Sanjukta Chaudhuri writes that gender and race/ethnicity-based earnings gaps persist even after accounting for field of study and choice of occupation.

Lastly, Steve Hine, director, Labor Market Information Office, assesses Minnesota’s employment conditions over the past eight years of Governor Mark Dayton’s time in office and compares them to the conditions occurring in previous administrations.

Download the full pdf file or select the links below to view individual stories.

Letter From the Editor

Former Trends editor Monte Hanson led the award-winning publication to a new level. Beginning with this issue, we welcome editor Carol Walsh to the Trends team. Walsh is a content specialist with Minnesota Employment Review, regional Local Look blogs, and external Labor Market Information messaging.

The Impact of Automation on Minnesota's Labor Market

The theme of job-destroying technologies bringing ruin to laborers has always been with us. Regardless of what’s in store, Minnesotans must embrace lifelong learning if they want to stay relevant in the workplace.

More Signs of Tightening Job Market

Four distinct measures of Minnesota unemployment spiked during the Great Recession, and now they’re the lowest on record. Low levels of discouraged, marginally attached, and involuntary part-time employed workers are aligned with low unemployment rates. Is this the new normal?

College Major, Occupational Pathways, and Labor Force Outcomes by Gender and Race/Ethnicity

Case studies examined include accountant and auditor; software developer, applications and systems software; and registered nurse.

How Do the Dayton Years Compare to Previous Administrations?

It’s the end of an era for the Dayton administration – and a reminder that administrations, no matter what political party, have limited influence over cyclical economic trends.

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