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The Minneapolis Job Market: Resilience and Shifts Amid Cooling but Stable Conditions
Minneapolis listeners are seeing a job market that is cooling from the post‑pandemic boom but still characterized by relatively high employment, steady job creation, and rising unemployment as more people re‑enter or remain in the labor force. The U.S. Bureau of Labor Statistics Midwest office reports that the Minneapolis–St. Paul labor market now totals roughly 1.5 million workers, with the metro unemployment rate hovering around the low‑4 percent range in late 2025, up from closer to 3 percent a year earlier, signaling softer but not recessionary conditions. A Minneapolis–St. Paul Economic Summary from BLS in September 2025 shows that total nonfarm employment is dominated by trade, transportation and utilities, professional and business services, education and health services, and government, with health care and professional services among the strongest job contributors. Occupational employment data for May 2024 from BLS indicate especially large concentrations of jobs in office and administrative support, health care practitioners and support roles, business and financial operations, and technology occupations, with wages in many professional fields running above national averages. A December 2025 Minneapolis Fed review of regional business conditions notes that nonresidential construction firms still report strong labor demand and hiring challenges, especially for skilled trades, even as project pipelines have softened, confirming ongoing worker shortages in specialized fields. At the state level, a Minnesota Job Openings and Labor Turnover report for mid‑2025 shows job openings still elevated by historical standards but down from pandemic peaks, with quits moderating, a sign that workers are somewhat less confident but employers remain actively hiring. According to the City of Minneapolis, the local minimum wage will rise to 16 dollars and 37 cents per hour on January 1, 2026, which may add modest upward pressure on wages in lower‑pay sectors such as hospitality and retail. Seasonal patterns remain evident: construction, tourism, and hospitality ramp up in spring and summer, while hiring cools in late fall and winter, although health care and tech recruitment are more stable year‑round. Commuting is shaped by a strong transit and biking culture and a sizable remote and hybrid workforce; recent employer surveys from the Minneapolis Fed and regional business groups suggest many white‑collar roles remain at least partially remote, broadening the effective labor shed beyond the core city. Government initiatives focus on inclusive hiring, training in technology and health care, and support for small businesses, with state workforce agencies and local partners funding reskilling in analytics, AI, and skilled trades. Data gaps remain around neighborhood‑level disparities, informal and gig work, and real‑time wages in emerging AI and green‑energy roles. Overall, key findings for listeners are that Minneapolis still offers a resilient, diversified job base; unemployment has ticked up but mostly because more people are seeking work; health care, professional and business services, tech, and skilled construction trades are leading growth; and policy changes such as the 2026 minimum‑wage hike and ongoing training programs are reshaping labor costs and opportunities. Examples of current opportunities in the city include a software engineer position at Target’s Minneapolis technology hub, a registered nurse opening at M Health Fairview, and a data analyst role at the University of Minnesota’s Carlson School–affiliated analytics teams. Thank you for tuning in, and remember to subscribe for more updates. This has been a quiet please production, for more check out quiet please dot ai.
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Published on 12 hours ago