Minnesota job market improved drastically last year

Categories: Economy
wherejobsat-thumb-200x144-thumb-200x144.jpg
Where the jobs at? According to DEED, in health care, retail, food service, and manufacturing.
In another indication the economy continues to recover, new data shows that Minnesota's job market at the end of 2011 was a helluva lot stronger than it was a year prior.

According to the Department of Employment and Economic Development
, job vacancies in the state climbed 47.6 percent during the fourth quarter compared to 2010. There were 3.2 job seekers for every vacancy, down from 5.8 one year earlier.

The improving job market, combined with an unemployment rate that has fallen to 5.7 percent from a height of 8.5 percent in May 2009, serves as strong evidence that the worst of this recession may be in the past.

DEED Commissioner Mark Phillips said in a press release that "while the labor market is still tight for workers in certain sectors, overall openings statewide have nearly doubled since 2009."

The health care and social assistance sectors had the most vacancies at the end of last year, followed by retail trade, food services, and manufacturing. 42 percent of the openings were for part-time employment, and 13 percent were for temporary or seasonal work.

As you'd expect, it's much easier to find a job in the Twin Cities than it is outstate, as 59 percent of all vacancies were in the seven-county metro area. It also helps to have a college degree -- 43 percent of available jobs required one.

The median wage for all job vacancies was $10.89 an hour.

As MPR notes, it's important to keep in mind that the DEED survey only looks at the demand for workers, not supply. For instance, while there are many manufacturing jobs available, employers report that many of those applying for them aren't qualified to do the work.

In any event, the increasing job opening numbers suggest Minnesota's falling unemployment rate isn't just a product of discouraged workers giving up the job search -- there actually are more jobs available now than during the height of the recession, and that's good news.


Sponsor Content

My Voice Nation Help
19 comments
Copy Editor
Copy Editor

I think "dramatically" would have been a better word choice.

Mn Worker
Mn Worker

The idea that we’re in an ‘economic recovery’ has now fully taken hold of investor psyches, as it fades, much of the recent rally will be repealed.”“The recovery idea, is based heavily on coincident and lagging indicators, while the best leading indicators are still negative.”Back on September a recession call was made by the Economic Cycle Research Institute (ECRI). Since then, the economic data that matter to ECRI have gotten worse.“The economy is weaker today than it has been in 21 months,” according to ECRI’s Lakshman Achuthan in a Bloomberg interview. “In 50-plus years of history... economic growth has never slowed this far without a recession following in short order.”Best-case scenario: A “mild recession” on the order of 2001.The ECRI model, doesn’t issue false alarms. It relies on a robust series of economic metrics. The growth rate is still negative.There are 15,000,000 less employed people today than when Obama took office. The only good news for Minnesota is that oil is being drilled in North Dakota.

Sojourner
Sojourner

Everyone! Read the last paragraph: "In any event, the increasing job opening numbers suggest Minnesota's falling unemployment rate isn't just a product of discouraged workers giving up the job search -- there actually are more jobs available now than during the height of the recession, and that's good news."

So you can't just explain the good job numbers away by saying less people are trying to find work.

HotLunch
HotLunch

I'd really like to believe the Repubs helped restore jobs. I voted for them after all. But they certainly didn't. The real numbers don't lie.

Kirk the Conservative Jerk
Kirk the Conservative Jerk

In 2011 we had a labor force participation rate of 63.7% (which is very, very low). Which means If we add a hundred people, we'd likely see at least 64 of them added join the workforce.The BLS added 1.6 million people to the population number for 2011 but only 30% of those were added to the Labor Force.  That's upside down from what we should expect in a normal adjustment.In 2011 we also had 1.2 million discouraged workers stop looking for work.  When you're not actively looking for work, you are not counted as unemployed.

THE UNEMPLOYMENT NUMBERS ARE FAKE PEOPLE!

Research
Research

The average median is a 77% increase from minimum wage. Which with a family is very difficult.  Like the other 2 comments suggest, where are the good jobs?  It's a bummer seeing a lot of friends with associates and bachelor degrees working at a high school diploma job and paying that $400 a month student loan.  I guess you can't give up.  Keep applying for those good jobs and do what you can to improve the interview.  If you have a couple scuff marks on a criminal record, pay the 250 to the court, stand in front of judge, and get those records expunged.

Mike who makes sense
Mike who makes sense

Greg is right - so many people have simply given up on finding a job that they're no longer being counted as unemployed so the numbers are way off. Pretty easy to do your own survey, look down the street at all you neighbors who are home during the days instead of working.

Another factor to consider is many people have accepted jobs where they're underemployed making half of what they used to earn out of necessity to pay their mortgages. And still many others are trying to make a living 'consulting' or have started their own service businesses. Good luck to everyone.

Greg
Greg

And now,,, are there ANY good jobs available?  NO.  Is there such a thing as Bias or discrimination in hiring practices?? ABSOLUTELY. If you are over 50 yrs old,,and you are looking for a job, skilled or not,,IT AIN'T GONNA HAPPEN. Do the statistics reflect the long term unemployed, or those who have given up? Nope. Under these conditiones, the numbers probably would look better, from some points of view, but not from mine.

Kirk the Conservative Jerk
Kirk the Conservative Jerk

That's a part of it.  Could the increase in available jobs be a direct reflection of the work the Republicans did when they assumed power of the State House and Senate? 

HotLunch
HotLunch

Thanks for that! I missed that part.

HotLunch
HotLunch

Complete BS Kirk. Even coming form me. Cmon man, you can do better than this.

webcelt
webcelt

 What makes you think discouraged workers aren't counted? Of course they are. There are multiple measures. Besides, the number of openings isn't going to change depending on the number of discouraged workers. Maybe you're conflating unemployed people and people receiving unemployment insurance. Those are two different measures.

Kirk the Conservative Jerk
Kirk the Conservative Jerk

Wrong!

Damn the brainwashing runs deep among you liberals.

From the BLS (U.S. Bureau of Labor Statistics)

The basic concepts involved in identifying the employed and unemployed are quite simple:

- People with jobs are employed.

- People who are jobless, looking for jobs, and available for work are unemployed.

- People who are neither employed nor unemployed are not in the labor force.

These questions form the basis for estimating the number of persons who are not in the labor force but who are considered to be "marginally attached to the labor force." These are persons without jobs who are not currently looking for work (and therefore are not counted as unemployed), but who nevertheless have demonstrated some degree of labor force attachment. Specifically, to be counted as "marginally attached to the labor force," individuals must indicate that they currently want a job, have looked for work in the last 12 months (or since they last worked if they worked within the last 12 months), and are available for work. "Discouraged workers" are a subset of the marginally attached. Discouraged workers report they are not currently looking for work for one of four reasons:

- They believe no job is available to them in their line of work or area.- They had previously been unable to find work.- They lack the necessary schooling, training, skills, or experience.- Employers think they are too young or too old, or they face some other type of discrimination.

Basically Hotpoop, anyone that has stopped looking for a job is not counted as "unemployed".  So if I was to loos my job, but I go back to school, I'm NOT counted as unemployed.  A housewife IS NOT counted as unemployed.  How many people went down that road?

Kirk the Conservative Jerk
Kirk the Conservative Jerk

Wrong!Damn the brainwashing runs deep among you liberals.

From the BLS (U.S. Bureau of Labor Statistics)The basic concepts involved in identifying the employed and unemployed are quite simple:

- People with jobs are employed.

- People who are jobless, looking for jobs, and available for work are unemployed.

- People who are neither employed nor unemployed are not in the labor force.

These questions form the basis for estimating the number of persons who are not in the labor force but who are considered to be "marginally attached to the labor force." These are persons without jobs who are not currently looking for work (and therefore are not counted as unemployed), but who nevertheless have demonstrated some degree of labor force attachment. Specifically, to be counted as "marginally attached to the labor force," individuals must indicate that they currently want a job, have looked for work in the last 12 months (or since they last worked if they worked within the last 12 months), and are available for work. "Discouraged workers" are a subset of the marginally attached. Discouraged workers report they are not currently looking for work for one of four reasons:

- They believe no job is available to them in their line of work or area.- They had previously been unable to find work.- They lack the necessary schooling, training, skills, or experience.- Employers think they are too young or too old, or they face some other type of discrimination.

webcelt
webcelt

That's what I said. Conservatives can copy and paste, but you sure suck at reading comprehension. Hmm, maybe that explains some things. Congratulations though on an appropriate handle.

Now Trending

Minnesota Concert Tickets

Around The Web

From the Vault

 

Loading...