Employment Trends in the Twin Cities Region 2000-2011 Libby Starling Research Manager January 17, 2012
The big picture on jobs Job recovery has begun Employment still the third lowest since 2000 Developed core hit hardest by job losses
Data notes Quarterly Census of Employment and Wages: Geographic specificity Time-lag Presenting data from the second quarter data of 2011 (released in December)
Total Twin Cities Employment Millions 1.64 1.62 1.60 1.58 1.56 1.54 1.61 1.61 1.57 1.57 1.59 1.60 1.63 1.63 1.62 1.55 1.54 1.56 1.52 Up 20,000 jobs 2010-11 1.50 Down 70,000 jobs 2007-11 1.48 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Source: Quarterly Census of Employment and Wages, Minnesota Department of Employment and Economic Development, 2 nd quarter data and data release.
Population Growth and Job Loss 1,690,395 1,841,857 1,607,916 1,542,088 Population, Age 18-64 Employment 2000 2010 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.
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.
Employment Change 2000-11 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.
Employment Change 2000-11 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.
Employment Change 2000-11 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.
Employment Change 2000-11 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.
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.
Employment Change 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Source: Quarterly Census of Employment and Wages, Minnesota Department of Employment and Economic Development, 2nd quarter data and data release.
Data notes Current Employment Statistics: 13-county metropolitan statistical area Comparable national data Available through November 2011 (preliminary)
Job Change by MSA, 2000-2011 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
Minneapolis-St. Paul MSA Employment Millions 1.82 1.80 1.78 1.76 1.74 1.72 1.70 1.68 1.66 1.64 1.62 March 2007 1.799 million September 2009 1.683 million Source: Current Employment Statistics. Minnesota Department of Employment and Economic Development, seasonally adjusted data
MSA and U.S. Employment January 2000=100 108 106 104 102 100 98 96 94 92 U.S. Mpls-St. Paul MSA Source: Current Employment Statistics. Minnesota Department of Employment and Economic Development, seasonally adjusted data
Year-to-Year Employment Change 4 3 2 1 0-1 -2-3 -4-5 -6-7 U.S. Mpls-St. Paul MSA Source: Current Employment Statistics. Minnesota Department of Employment and Economic Development, not seasonally adjusted data
Falling Unemployment Rates 12 10 8 6 4 2 0 U.S. Mpls-St. Paul (seven-county) Source: Local Area Unmployment Statistics. Minnesota Department of Employment and Economic Development, not seasonally adjusted data
For further information: Visit: www.metrocouncil.org/data OR Contact: Libby Starling 651-602-1135 libby.starling@metc.state.mn.us