Understanding Minnesota’s Regional Economy
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Understanding Minnesota’s Regional Economy Presenter: Cameron Macht, DEED Host: Denise Felder, iSeek Solutions To Hear the Webinar: Call (646) 307-1720; Access Code: 921-652-630
description
Understanding Minnesota’s Regional Economy. To Hear the Webinar: Call (646) 307-1720 ; Access Code: 921-652-630. Presenter: Cameron Macht , DEED Host: Denise Felder, iSeek Solutions. How to Ask Questions. Mute your phone “Raise your hand” Type in “Question” - PowerPoint PPT Presentation
Transcript of Understanding Minnesota’s Regional Economy
Understanding Minnesota’s Regional Economy
Presenter: Cameron Macht, DEEDHost: Denise Felder, iSeek Solutions
To Hear the Webinar: Call (646) 307-1720; Access Code: 921-652-630
How to Ask Questions
Mute your phone
“Raise your hand”Type in “Question”
Use phone to ask questions/discuss
“Chat” to talk to Organizer only
To Hear the Webinar: (646) 307-1720Access Code: 921-652-630(long distances fees may apply)
Understanding the Regional EconomyiSeek Solutions Monthly Webinar
February 13, 2013
Cameron MachtRegional Labor Market Analyst
www.positivelyminnesota.com
To Hear the Webinar: Call (646) 307-1720; Access Code: 921-652-630
To Hear the Webinar: Call (646) 307-1720; Access Code: 921-652-630
Over-the-year regional trends
Source: MN Dept of Employment & Economic Development
• None of theregions areback to break-even (fromQ2 2007) yet
• Southeast (99%)is closest, all arenow above 97%
Regional Unemployment Rates
Source: MN Dept of Employment & Economic Development
DEED Regional Data ToolISEEK’s Regional Websites
ISEEK Regional Websites
www.iseek.org/jobs/regional.html
Regional Labor Market Data Tool
• The regional data tool brings together labor market and relevant demographic data on each county and region in Minnesota in to one easy-to-use website.
• View and download regional data, charts and graphs.
www.PositivelyMinnesota.com/RD
Regional labor market data tool
Regional Employment Projections
Forecasting Future Job Trends
• Minnesota’s economy will grow by 13%, or 368,000 new jobs, between 2010 and 2020.
• Over 663,000 new workers will be needed to take jobs left vacant through retirements and replacements.
• Employment changes depend on the demand for goods and services, productivity advances, technological innovations, and shifts in business practices.
www.PositivelyMinnesota.com/EOSource: MN Dept of Employment & Economic Development
Health care will add the most new jobs in Minnesota between 2010 and 2020
Source: MN Dept of Employment & Economic Development
Health services will continue to lead job growth in Northeast MN
Half of new jobs in Northwest MN will be in education and health services sector
Fastest job growth expected in Central Minnesota
Education and health care will dominate Southeast MN job growth
Southwest MN projected to have slowest regional job growth
Construction and manufacturing job growth to remain below pre-recessionary levels in the Twin Cities
Replacement openings to exceed new job growth in all regions of MN
Occupational details are important when choosing a future career
Regional LMI Websites
ISEEK Regional Websites: www.iseek.org/jobs/regional.html
DEED Regional Labor Market Tool: www.PositivelyMinnesota.com/RD
DEED Employment Outlook: www.PositivelyMinnesota.com/EO
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• Training: Wednesday, March 13, 2013
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