Luke Greiner Regional Labor Market Analyst Lukegreinerstatemnus Department of Employment and Economic Development Labor Market Information Office httpmngovdeeddata Labor Market Information Office ID: 783854
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Slide1
UMVRDC Annual MeetingEconomic Changes and Challenges
Luke
Greiner
Regional Labor Market
Analyst
Luke.greiner@state.mn.us
Department of Employment and Economic Development
Labor Market Information Office
http://mn.gov/deed/data/
Slide2Labor Market Information Office
Each state produces employment and economic statistics in cooperation with U.S. Department of Labor’s Bureau of Labor Statistics
LMI includes employment statistics, unemployment rates, wages and salaries, job projections and more
LMI is the foundation for informed, market-responsive planning
Slide3Population Trends in the Region
Slide4Upper Minnesota Valley Population Recent Population decline is twofold (2010-2017)Emigration (
-2,335
)
More deaths than births (-187 net vital events)Labor force projections show continued difficultiesFrom 2020-2030 a loss of 2,100 workers is projected (
-10%
).
Can we handle this? Is this uncharted waters for the UMRV?
Slide5Economic Conditions in 3 Charts
Slide6Who’s hiring? Everyone!
But in relative terms, it’s mainly HC and manufacturing.
Much larger share of
Mfg
openings compared to Minnesota
Higher wage offers in HC compared to statewide
Transportation/warehouse, food prep/serving, and production are top 3 openings
Slide7More on Openings, 2017 4th Qtr. 42 percent were PT
(41% MN)
The median wage offer for FT openings was $15/hour
($17.02 MN)Only 56% of FT openings offer HC insurance compared to 86% statewide.Only 15% of FT jobs require a bachelor’s degree or more (23% MN)
Slide8Sowhatchyathink?What % of graduating seniors from the Upper Minnesota Valley enroll in college in the fall following graduation?
71%, 1 point higher than statewide in 2016
21% enter the workforce without enrolling
Slide9https://mn.gov/deed/newscenter/publications/trends/june-2017/tight-labor-market.jsp
Slide10Slide11Partnering, it’s what we do in SWhttps://
www.lyftpathways.org/Page/1
Slide12Slide13THANK YOU!
Local Look Regional Blog
Monthly blog covering regional economic trends
Workforce insights. Occupations In Demand, Unemployment Rates
Minnesota Economic TRENDS
Quarterly magazine on economic topics
Subscriptions available free of charge or on-line
Minnesota Employment REVIEW
Monthly magazine on economic data and regional trends
Includes Minnesota business development
Available exclusively on-line
http://mn.gov/deed/review
http://mn.gov/deed/trends
https://
mn.gov/deed/data/locallook/central/central-blog.jsp
https://
mn.gov/deed/data/locallook/southwest/southwest-blog.jsp
Slide14Let me know how I can help!
Luke Greiner
Regional Labor Market Analyst
Central and Southwest Minnesota
Labor Market Information Office
Phone: (320) 308-5378
Luke.greiner@state.mn.us