Minneapolis Job Market Resilient Amidst National Slowdown

According to the Minnesota Department of Employment and Economic Development, Minneapolis and the broader state added 5,900 jobs in August 2025, part of a year-long trend that saw over 39,000 new positions, outpacing the national job growth rate. The unemployment rate in Minnesota in August was 3.6 percent, below the national average of 4.3 percent, but still the highest locally in over four years. The labor force participation rate has held steady at 68.1 percent, which is about six percentage points higher than the US average, signaling a strong willingness to work among Minneapolis residents. Major industries driving local employment include healthcare, education, and construction, all experiencing job gains, while manufacturing and government roles declined, with manufacturing losing 900 jobs in August alone. Healthcare and education expanded with 4,300 new roles, while construction added 1,900 jobs, highlighting them as key growth sectors for the city. Government job losses are mainly attributed to federal cutbacks and continued layoffs, and manufacturing faces a three-month decline. The Minneapolis-St. Paul job market has proven resilient despite national slowdowns, partly due to its diverse economy, as reported by the Star Tribune and supported by revised state employment figures. However, the Minneapolis Federal Reserve notes the labor market is showing some signs of weakness, with slowed hiring and moderating wage growth mirrored across the nation, largely due to falling immigration and weaker demand. Current commuting trends remain robust, but more workers are exploring remote or hybrid roles as companies adjust to tight conditions, though granular data on Minneapolis-specific commuting is limited this year. State government initiatives focus on workforce retraining, supporting growth in sectors such as health services and technology, and investments in infrastructure and public-private partnerships. Recent developments include an increased investment in regional tech infrastructure, particularly surrounding data centers and AI, which create construction jobs but require fewer permanent hires. Seasonally, the region tends to see construction and outdoor job boosts in spring and summer, rolling off in colder months, a pattern observed in the recent uptick of construction roles. Economic evolution in Minneapolis reflects a transition from traditional manufacturing toward healthcare, technology, and services—trends consistent over recent years. Notable employers hiring in Minneapolis right now include Allina Health, seeking registered nurses; Target Corporation, hiring data analysts; and Mortenson Construction, looking for project managers. Listeners should note that while local data is robust through August, more detailed sector-specific and city-only trends may be subject to further revision as additional information is released. Thank you for tuning in and please remember to subscribe. This has been a quiet please production, for more check out quiet please dot ai.

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