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.
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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