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Minneapolis Job Market: Stability Amid Cooling Trends and Evolving Opportunities
Minneapolis currently features a stable yet cooling job market as economic momentum slows compared to the highs of the past few years. WalletHub reports Minneapolis maintains one of the lowest unemployment rates in the United States at 3.3 percent as of 2025, demonstrating relative resilience even as hiring nationwide slows. Job switching rates in the city have declined along with the national average, with the Bank of America Institute noting a significant drop from the so-called Great Resignation period when workers frequently changed positions for higher pay and flexibility. As the labor market cools, fewer people are seeking new positions and the median pay increase for job switchers has fallen from 20 percent during the pandemic peak to around 7 percent currently, which is close to levels seen before the pandemic. Indeed labor economist Allison Shrivastava says workers are increasingly staying with current employers due to uncertainty about future opportunities.
Published on 2 weeks ago
Major industries supporting Minneapolis’ workforce include healthcare, technology, finance, retail, education, and food production. Large employers such as Target, UnitedHealth Group, and the University of Minnesota continue to anchor the local job scene. Minnesota IT Services and other civic agencies remain significant public sector employers, with consistent demand for tech and administrative roles seen in government postings. In particular, the information technology sector shows ongoing growth, as highlighted by several current full-time openings for IT operations and systems administrator positions at State of Minnesota agencies listed on the state’s career portal. Financial services, clean energy, and “green” construction are also considered strong growth areas as Minneapolis consistently ranks among the nation’s most environmentally conscious cities.
Recent layoffs at companies like Molson Coors underscore some sector-specific contraction, especially in manufacturing and beverage production, related to changing national consumption trends. Commuting in Minneapolis continues to show increased use of public transit and cycling due to ongoing investments in bike lanes and light rail, while remote and hybrid work arrangements remain common in professional and tech fields.
Seasonal hiring surges in hospitality, agriculture, and retail around major holidays and harvest periods, particularly in the fall for jobs connected to Minnesota’s agricultural sector, such as those related to the grain and soybean markets, though current escalations in federal policy disputes and government shutdowns have left some gaps in reporting on farm employment numbers. Government initiatives such as workforce diversity policies and “green jobs” incentive programs are designed to bolster inclusion and support emerging sectors, though data on their full impact this year remains pending. Despite national concerns about declining job confidence—Gallup data suggests 47 percent of US adults feel only somewhat or not at all confident in finding good employment—Minneapolis remains stronger than average owing to its diversified economy and proactive municipal efforts.
Key points include a low 3.3 percent unemployment rate, a marked slowdown in job switching and wage gains, stable demand from major employers, and pockets of robust hiring in IT and green industry. Notable open positions advertised this week include Database Developer, ITS Systems Administrator, and other IT Operations roles at the State of Minnesota, reflecting ongoing tech sector strength. Listeners are encouraged to check official state portals for the most up-to-date listings.
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