A vibrant and growing workforce.
The Greater MSP region’s labor force has grown by 4.6% over the last five years — far greater than the 4.1% seen nationally during the same period. Better yet, it’s expected to keep on growing by 5.2% over the next 5 years.
Need more information about population, wages or training in the Greater MSP region? Contact us for free research help anytime.
Labor Force Statistics
Greater MSP’s workforce has grown by nearly 4.6% over the past five years.
|Indicator||Greater MSP||Minnesota||United States|
|Annualized Unemployment Rate||3.4%||3.7%||5.3%|
|Labor Force Participation Rate||72.1%||69.9%||62.6%|
Source: Minnesota Department of Employment and Economic Development, July 2016; Minnesota and U.S. statistics are seasonally adjusted; metro seasonally adjusted data is not available.
Wages and Job Availability
The region has an above-average concentration of employees in some of the most in-demand occupational categories, including brokerage clerks, CNC tool programmers and operators, machinists, computer systems analysts, industrial engineers, and marketing managers. Better yet, Greater MSP wages for these in-demand and specialized occupations are competitive with the national average.
A Thriving Destination
Greater MSP is a popular haven for skilled foreign workers seeking employment.
- 4,200 Annual H1-B visa requests — a leader among the largest U.S. metros
- 80% of H1-B visa requests are for STEM occupations, particularly computer engineers
- 11,600 foreign students live in Greater MSP — University of MN-Twin Cities is the most popular destination
- Over 1.2M residents of Greater MSP are from a different U.S. state or country (2013 U.S. Census)
- 29% came from another country
- 71% came from another state — top three metro regions are Chicago, NYC and Phoenix
Key Industry and Occupational Strengths
Employment in the jobs that support key industry sectors are growing:
- Manufacturing: Top occupations have grown by 6.6% between 2011-2016
- Finance & Insurance: Top occupations have grown by 5.9% between 2011-2016
- Computer & IT: Top occupations have grown by 5.8% between 2011-2016
Minnesota State will partner to customize or create new training tailored to your workforce, your timeline, your industry, or your business plan. Examples of past training programs cover a diverse range of specialties, including environmental safety compliance, computer programming, ISO certification, manufacturing technology, and quality assessment/management.
Topics are listed on Minnesota State's website here: http://www.mnscu.edu/business/customized/types.html
View a guide to business services offered by Minnesota State, as well as contact information: https://mnscu.edu/business/index.html