September 2021 - Minnesota Economic Trends
Assessing the Initial Impact of the COVID-19 Recession on Minnesota Businesses by Firm Size Class
This study extends the analysis of monthly business employment dynamics to investigate how the COVID-19 recession impacted Minnesota firms of different size classes during March and April 2020.
Regional & County Profiles: The Beauty is in the Details
Minnesota is perhaps best known for having 10,000 lakes, but the state is also home to 87 counties, 16 workforce development areas, 13 economic development regions, six planning regions, and five metropolitan statistical areas.
Greater Workforce Shortages in Greater Minnesota
Ask business owners in Minnesota what their biggest challenge is today, and most will tell you that it is “finding help.”
Hardest-Hit Industries During the Early Part of the COVID-19 Recession
The bulk of the jobs lost over the year between the second quarter of 2019 and the second quarter of 2020 were concentrated in just five industry sectors.
Greater Minnesota's Resident Recruitment Advantage
Resident recruitment is a term used to describe the complex activities communities are using to attract and retain residents.
Second Quarter Forecast: Tight Labor Supply Slows Job Growth
The state of Minnesota is projected to add more than 100,000 jobs from the second quarter of 2021 to the second quarter of 2022, a strong 3.5% increase.
Accelerated Retirements May be Playing a Role in the Current Workforce Shortage
For decades, we knew that a retirement wave was coming based on demographic shifts as baby boomers age.