Minneapolis Job Market Report Podcast Por Inception Point Ai arte de portada

Minneapolis Job Market Report

Minneapolis Job Market Report

De: Inception Point Ai
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Welcome to "Minneapolis Job Market Report," your go-to podcast for the latest insights and trends in the Minneapolis job scene. Each episode features expert analysis, interviews with industry leaders, and timely updates to help you navigate the ever-changing employment landscape. Whether you're a job seeker, employer, or just curious about the local economy, we provide valuable information to stay ahead. Tune in and stay informed about job opportunities, career advice, and market developments in the Twin Cities. Subscribe now to stay connected and make smarter career decisions in Minneapolis!

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Episodios
  • Minneapolis Job Market Resilient Amid National Softening: Opportunities in Healthcare, Finance, and Tech

    Minneapolis Job Market Resilient Amid National Softening: Opportunities in Healthcare, Finance, and Tech
    Dec 22 2025
    The Minneapolis job market remains stable amid national softening, with online job ads ticking up slightly from 94.6 thousand in October to 96.3 thousand in November 2025 according to The Conference Board and Lightcast data. Employment landscape shows resilience in a metro area bolstered by healthcare, finance, and manufacturing, though national trends like AI-driven burnout and career gaps affect 25 percent of job seekers with year-long pauses per BizJournals. Key statistics include a house price index rising to 601.24 in Q3 2025 from 581.66 a year prior per FRED St. Louis Fed, signaling housing pressures amid 6 percent year-over-year active listings growth per The Mortgage Reports. Unemployment rate hovers low around 2 to 3 percent based on regional Fed insights, lower than national averages. Major industries encompass healthcare via Mayo Clinic and Allina Health, finance through U.S. Bancorp, and retail led by Target, which cut 1,800 jobs in October per Modern Retail amid boycotts. Growing sectors feature health workforce projections per HRSA and tech amid AI shifts. Recent developments include Target's corporate consolidation and national online labor demand down 4.8 percent yearly per Conference Board. Seasonal patterns show tourism and retail peaks in summer, with holiday hiring now. Commuting trends favor hybrid models post-pandemic, easing urban congestion. Government initiatives push minimum wage hikes effective 2026 per Fisher Phillips, aiding low-wage workers. Market evolution reflects cooling from 2025 peaks, with more inventory but stagnant wages in service roles.

    Data gaps persist on precise local unemployment and employer-specific hiring, as searches yielded more national and regional proxies.

    Key findings: Steady ads signal opportunities despite retail woes; focus on healthcare and finance for growth. Current openings include software engineer at U.S. Bancorp, registered nurse at Hennepin Healthcare, and data analyst at Target via major job boards.

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    3 m
  • The Minneapolis Job Market: Resilience and Shifts Amid Cooling but Stable Conditions

    The Minneapolis Job Market: Resilience and Shifts Amid Cooling but Stable Conditions
    Dec 19 2025
    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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    4 m
  • Minneapolis Job Market 2025: Diversified, Cooling, and Evolving

    Minneapolis Job Market 2025: Diversified, Cooling, and Evolving
    Dec 15 2025
    Minneapolis currently has a relatively tight but cooling job market, with unemployment slightly above recent lows yet still better than many U.S. metros. According to the Minnesota Department of Employment and Economic Development, the Minneapolis–St. Paul metro unemployment rate has been hovering near the low to mid 3 percent range in 2025, up from around 2–3 percent in 2022–2023 but below the roughly 4.4 percent U.S. rate economists expect nationally, reflecting a resilient regional economy. The employment landscape is diversified: major industries include health care and social assistance, professional and technical services, finance and insurance, manufacturing, education, retail, and hospitality, anchored by large employers such as Target, UnitedHealth Group, 3M, U.S. Bank, Allina Health, Fairview Health, the University of Minnesota, and Hennepin County. The Federal Reserve Bank of Minneapolis reports that nationally and in the region hiring has slowed even as more people reenter the labor force, creating a “low-hire, low-fire” environment where job seekers face more competition and longer searches. Health care, IT and software, medical devices, clean energy, logistics, and advanced manufacturing are among the faster-growing sectors, while some office and administrative roles face automation and AI-driven screening. Recent developments include increased use of remote and hybrid work, ongoing restructuring in retail and office real estate, and equity-focused debates over employment and diversity, reflected in legal challenges to Minneapolis Public Schools’ diversity hiring provisions. Seasonal patterns show stronger hiring in retail, logistics, construction, and tourism in late spring through early fall, with softer conditions in mid-winter. Commuting trends continue to shift: Metro Transit ridership remains below pre-pandemic levels as more workers split time between home and downtown, and suburban job centers along light rail and major highways have gained importance. State and local government initiatives include workforce training grants, displaced worker programs, and sector partnerships targeting health care, trades, and tech; however, there are data gaps in up-to-the-minute neighborhood-level unemployment, real-time wage growth by occupation, and outcomes for specific demographic groups, including Black women, who some Minnesota commentators note are facing rising unemployment in 2025. As of mid-December 2025, examples of current openings in Minneapolis include a software engineer role at Target Corporation, a registered nurse position at Allina Health, and a financial analyst opening at U.S. Bank. Key findings: the Minneapolis job market remains diversified and comparatively strong, but hiring is cooler, competition is rising, and success increasingly depends on sector choice, skills, and the ability to navigate AI-driven hiring and evolving commuting and work patterns. Thank you for tuning in, and don’t forget to subscribe. This has been a quiet please production, for more check out quiet please dot ai.

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    4 m
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