As the Seven-County Metro Area’s labor market continues to recover from the COVID-19 pandemic and recession, hiring demand across the region continues to remain near historic highs.
Minnesota’s economy is projected to add 28,623 jobs between the end of 2022 and end of 2023, a 0.9% increase.
An analysis of the current month’s employment picture broken out by Metropolitan Statistical Area.
The Job Openings and Labor Turnover Survey conducted by the BLS shows that the number of job openings increased in April.
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in May on a seasonally adjusted basis, after increasing 0.4 percent in April.
The pandemic-induced economic damage in 2020 included a record plunge in employment, a tidal wave of initial claims for unemployment benefits, skyrocketing unemployment rates, elevated business closures and robust personal income growth.
