Employment Trends in the Twin Cities Region Libby Starling Research Manager January 17, 2012

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1 Employment Trends in the Twin Cities Region Libby Starling Research Manager January 17, 2012

2 The big picture on jobs Job recovery has begun Employment still the third lowest since 2000 Developed core hit hardest by job losses

3 Data notes Quarterly Census of Employment and Wages: Geographic specificity Time-lag Presenting data from the second quarter data of 2011 (released in December)

4 Total Twin Cities Employment Millions Up 20,000 jobs Down 70,000 jobs Source: Quarterly Census of Employment and Wages, Minnesota Department of Employment and Economic Development, 2 nd quarter data and data release.

5 Population Growth and Job Loss 1,690,395 1,841,857 1,607,916 1,542,088 Population, Age Employment Sources: U.S. Census Bureau, Decennial Census; Quarterly Census of Employment and Wages, Minnesota Department of Employment and Economic Development, 2 nd quarter data and data release.

6 Employment in 2011 The nine cities with more than 40,000 jobs represent 53 percent of the region s jobs Source: Quarterly Census of Employment and Wages, Minnesota Department of Employment and Economic Development, 2 nd quarter data and data release.

7 Employment Change Job growth in growing suburban communities and older suburbs with employer relocations / expansions Source: Quarterly Census of Employment and Wages, Minnesota Department of Employment and Economic Development, 2 nd quarter data and data release.

8 Employment Change Ten larger cities lost more than 10 percent of jobs Source: Quarterly Census of Employment and Wages, Minnesota Department of Employment and Economic Development, 2 nd quarter data and data release.

9 Employment Change Eight cities added more than 3,000 jobs Source: Quarterly Census of Employment and Wages, Minnesota Department of Employment and Economic Development, 2 nd quarter data and data release.

10 Employment Change Overall down 45,000 jobs The three cities losing the most jobs are the region s three largest employers Source: Quarterly Census of Employment and Wages, Minnesota Department of Employment and Economic Development, 2 nd quarter data and data release.

11 Employment Change in the Developed Core Source: Quarterly Census of Employment and Wages, Minnesota Department of Employment and Economic Development, 2 nd quarter data and data release.

12 Employment Change Source: Quarterly Census of Employment and Wages, Minnesota Department of Employment and Economic Development, 2nd quarter data and data release.

13 Data notes Current Employment Statistics: 13-county metropolitan statistical area Comparable national data Available through November 2011 (preliminary)

14 Job Change by MSA, Houston San Antonio Washington, DC Phoenix Riverside Dallas Seattle Portland Baltimore San Diego Miami Denver Pittsburgh New York City Tampa Boston Philadelphia Minneapolis-St. Paul Sacramento Atlanta St. Louis Chicago Los Angeles San Francisco Detroit -1.4% -20% -10% 0% 10% 20% Source: Current Employment Statistics. Bureau of Labor Statistics, October 2000 to October 2011

15 Minneapolis-St. Paul MSA Employment Millions March million September million Source: Current Employment Statistics. Minnesota Department of Employment and Economic Development, seasonally adjusted data

16 MSA and U.S. Employment January 2000= U.S. Mpls-St. Paul MSA Source: Current Employment Statistics. Minnesota Department of Employment and Economic Development, seasonally adjusted data

17 Year-to-Year Employment Change U.S. Mpls-St. Paul MSA Source: Current Employment Statistics. Minnesota Department of Employment and Economic Development, not seasonally adjusted data

18 Falling Unemployment Rates U.S. Mpls-St. Paul (seven-county) Source: Local Area Unmployment Statistics. Minnesota Department of Employment and Economic Development, not seasonally adjusted data

19 For further information: Visit: OR Contact: Libby Starling

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