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June Edition of Minnesota Economic Trends

6/16/2021 10:23:43 AM

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.

In the June 2021 issue of Minnesota Economic Trends, LMI analysts provide a summary look at Minnesota’s labor market and employment trends in our annual State of the State issue, including articles that focus on regional trends throughout the state. In addition, analysts take a deep dive on one of the driving questions of the day that many employers across Minnesota are asking: where are the workers? Here are some highlights:

State of State

The director of DEED’s LMI office summarizes labor market trends during the pandemic recession: jobs, vacancies, unemployment, and labor force participation in Minnesota and regional analysts provide a closer look at the situation in each of Minnesota’s six labor market regions.

Why Are There Unfilled Jobs Amid High Unemployment?

During the COVID-19 pandemic, the impact of business restrictions or changes in consumer behavior in some industries created new employment opportunities elsewhere. However, available workers may not match up with available jobs for a variety of reasons.

More than Simple Supply and Demand

One of the most talked about issues of the pandemic recovery is employers' inability to find workers. This article explores ways employers can recruit, hire and retain the workers they need during this unique labor market moment.

Reemployment After COVID-19 Layoffs in Minnesota: Early Findings

This study presents early findings about Minnesota workers who were laid off during the first months of the pandemic (March through June of 2020) and the most up-to-date information we have about their employment status.

COVID-19 and Ex-Offender Employment

One of the major barriers that individuals with a criminal background face is obtaining stable and satisfying employment. Job losses during the early parts of the pandemic recession may have disproportionately affected workers with a criminal record.

First Quarter Forecast: A Rapid Rebound

This forecast projects job growth in Minnesota between the first quarter of 2021 and the first quarter of 2022. Minnesota's job recovery from the pandemic accelerated during the first quarter of 2021 and is expected to remain strong throughout 2021 as COVID-19 cases continue to decline and hiring ramps up.

You can see an archive of past Minnesota Economic Trends articles on the DEED website.

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