Minnesota Economic Trends: State of the State Quarterly Issue
August 3, 2022
Every quarter, the Labor Market Information (LMI) Office of the Minnesota Department of Employment and Economic Development (DEED) publishes a slate of research articles that offer insights into important labor market trends.
The latest quarterly issue of Minnesota Economic Trends is LMI’s annual state-of-the-state issue, which provides an overview of Minnesota’s labor market and job trends plus takes a closer look at each of the state’s six regions, as well as examining wages and inflation, the role of Career and Technical Education in retaining workforce in Greater Minnesota, and more.
Select a title below to view the full article.
Recovering from Recession: Employment and Labor Force Trends
An overview of employment growth and labor force trends as Minnesota continues to recover from the economic impacts of the pandemic.
Wages and Inflation in Minnesota
An examination of the various ways of measuring both wage and other compensation increases and how inflation impacts real purchasing power.
High School Career and Technical Education as a Workforce Development and Retention Strategy
This article documents the challenges of workforce retention in Greater Minnesota among college-age individuals and examines the role that high school Career and Technical Education (CTE) can play in mitigating them.
A New Labor Market Era in the Twin Cities Metro Area
An analysis of changes in the Twin Cities Metro Area's labor market, focusing on labor force and industry trends, hiring demand, and what the region can expect for employment growth through the next decade.
The Labor Force at Large in Northeast
The decline of the labor force in Northeast Minnesota has been the story of the last two-plus years, with the pandemic exacerbating a long-standing demographic trend.
More Vacancies, Fewer Workers in Central Minnesota
Central Minnesota has not yet recovered all the jobs lost during the two-month pandemic recession, but it's not due to a lack of job openings.
Southeast Minnesota Continues Thriving
As Southeast Minnesota’s economy emerges from the pandemic period, the labor market is getting back to normal.
Holding Back Growth in Southwest Minnesota
As Southwest Minnesota's economy continues to recover from the pandemic recession, the region's labor force constraints continue to hold back more robust growth.
Almost Back to Normal in Northwest
Of the six regions in the state, Northwest Minnesota is the closest to being back to their pre-pandemic normal.
You can see an archive of past Minnesota Economic Trends articles on the DEED website.