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The Shape of the Labor Force
Posted on June 19th, 2012 3 commentsTogether, all the people who want to work—regardless of whether they actually do—make up the labor force. The concept of the labor force is critical because it’s essentially a measure of all the people available to fill jobs. In the midst of a recovery and the highest recorded levels of long-term unemployment, labor force participation rate can help illuminate how many people are available and what roles they’re likely to play in Minnesota’s labor force.
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Getting Back to Work
Posted on June 5th, 2012 No commentsThe economy’s getting better – the unemployment rate in Minnesota is down below six percent and the monthly employment numbers show more jobs this year than last year. But while there are more jobs and more people employed, the number of people out of work for a year or more (pdf) is still historically high: 44,000 Minnesotans were unemployed a year or more in 2010.
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Job Growth Returned for Many Regions, Counties Over the Last Year
Posted on November 18th, 2011 No commentsAfter suffering through severe job declines during the recession, job growth has slowly returned to the state of Minnesota. From the first quarter of 2010 to the first quarter of 2011, Minnesota gained almost 33,000 net new jobs, a 1.3 percent increase.
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How Does Minnesota’s Employment Look Today?
Posted on August 30th, 2011 No commentsA historic labor market event happened in Minnesota this July: our labor force exceeded three million people for the first time ever! With more people employed—and, yes, many people still unemployed, we continue to see growth in the number of jobs and opportunities across Minnesota. In fact, the private (that is, non-government) sector added 40,000 jobs over the past year alone.
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Manufacturing Begins to Recover
Posted on March 11th, 2011 No commentsIn 1959, manufacturing represented 28 percent of U.S. economic output. By 2008, it represented only 11.5 percent. The results of the Manufacturers Alliance/MAPI Survey on the business outlook suggest that the U.S. manufacturing sector is beginning to recover from the recent economic downtown—especially compared to the sizeable reduction recorded in March 2009.
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Who’s Got Your Resume?
Posted on February 1st, 2011 No commentsA friend of mine recently received a telephone call from an employer, who wondered if my friend would be interested in interviewing for a job they had open. Ordinarily this would be a welcomed call. But in this case, my friend already has a job. After some discussion with the employer, my friend realized that he had applied for a job with the organization over a year ago, when he was unemployed. The employer kept his resume on file, and when they had a job they thought he would be interested in, they gave him a call. A week later, the same thing happened to my friend again.
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