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Local Look Regional Data
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Springing into Action

This month's blogs look at dynamic new data across the state. The Twin Cities blog [ [link removed] ] looks at the emergence of Construction employment in the spring, while Southeast [ [link removed] ] highlights the emerging Hispanic or Latino population and labor force. Central [ [link removed] ]?examines employment by size of employer establishments, Northeast [ [link removed] ]?digs into the importance of benefits in overall compensation, and Northwest [ [link removed] ] tracks the placement of postsecondary completers in the region. Finally, Southwest [ [link removed] ] looks at the growth in ages and wages over the past 20 years.? For more local information, please reach out to your Regional Analyst [ [link removed] ]!?

Twin Cities Metro Blog [ [link removed] ]

In the Metro Area, the Construction industry sector has?averaged a 14.7% bump in employment [ [link removed] ] between the first and second quarter every year going back to 2000 (excluding those losses witnessed in 2020 due to COVID). This is equivalent to about 8,800 additional jobs during second quarter over first quarter each year.

Central Minnesota Blog [ [link removed] ]

Central Minnesota stands as a microcosm of economic activity, where the size and composition of businesses reflect broader employment trends. Despite the dynamic nature of the business world, a significant portion of establishments across various industries have demonstrated remarkable resilience in maintaining their size over time. While fluctuations and shifts occur within individual sectors and regions, many businesses have found stability in their operations and scale.

Northeast Minnesota Blog [ [link removed] ]

The role of benefits in overall compensation deserves a deeper look, especially as employers are exploring every way possible to be more attractive to jobseekers. Given two employers with equal wages, a next possible point of comparison becomes the respective benefits packages. What does the typical benefits package look like and how does it differ by occupation, industry, and private vs. public sector?

Northwest Minnesota Blog [ [link removed] ]

DEED's?Graduate Employment Outcomes (GEO) Tool [ [link removed] ]?provides actual employment and wages of college program completers. This blog focuses on less-than-two-year programs offered in the Northwest that have the largest number of completers working in the Northwest region. The tool also provides the same information for two- and four-year degree programs, and for completers working anywhere in Minnesota. However, certificate and diploma programs ? often called vocational programs ? provide the shortest on-ramp to many careers that require postsecondary training.

Southeast Minnesota Blog [ [link removed] ]

In 2022, the 11-county Southeast Region reported a total population of 517,713 people, of which nearly 32,000 individuals, or 6.1%, identified as Hispanic or Latino. This demographic has seen a significant increase, growing by 33.2% since 2011, which translates to a gain of almost 8,000 additional people. The Hispanic and Latino community is increasingly becoming a crucial part of the demographic makeup and workforce in Southeast Minnesota.?

Southwest Minnesota Blog [ [link removed] ]

Two trends are abundantly clear when analyzing Quarterly Employment Demographics over the past two decades. Both ages and wages have been increasing for workers in Southwest Minnesota, showing a clear shift in the region's workforce. In the first quarter of 2023, almost one quarter (24.9%) of jobs in Southwest Minnesota are held by workers who are 55 years and over, up from just 15.4% 20 years ago.

"*LMI Training Sessions - Sign up Today!*"

DEED's Regional Analysts have scheduled a set of Labor Market Information training sessions [ [link removed] ] for the spring of 2024. These hands-on in-person and virtual training sessions will help attendees learn where to find and how to use DEED?s labor market information data tools. Attendees will navigate data tools on our website (mn.gov/deed/data/ [ [link removed] ]) and learn how to use them to understand the local economy and provide guidance to jobseekers and others.

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"Each month, DEED's?Regional Analysis & Outreach unit [ [link removed] ]?produces a series of blogs exploring local labor market information. Please?contact your regional analyst [ [link removed] ]?for more information."










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