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August 25, 2025 3 mins
Minneapolis is experiencing a robust job market as of late summer 2025, characterized by low unemployment and strong employer demand, though growth has moderated in line with national economic cooling. Economic data from CBS Minnesota indicates that Minnesota’s unemployment rate dropped to a record low of 2 percent for May, marking the lowest level seen in more than two decades. This tight labor market reflects a sustained recovery since the pandemic, even as the U.S. economy as a whole grew at a slower annual rate in the first half of 2025, according to the Federal Reserve. Job vacancies in the Minneapolis area declined by almost 25 percent over the past year, the Minnesota Department of Employment and Economic Development reports, signaling a rebalancing after the hiring surges of 2022 and 2023. Despite this, hiring in health care, technology, logistics, and construction remains steady while employer competition for talent has moderated from prior peaks.

Major industries fueling employment in Minneapolis include health care, technology, financial services, education, and professional and business services. The region’s top employers range from UnitedHealth Group and Target to the University of Minnesota and Fairview Health Services. Notably, technology, renewable energy, and cannabis sectors are experiencing the fastest job growth, aligning with state-level legalization and post-pandemic digital transformation trends. The hospitality and leisure sectors, while historically cyclical and still recovering, show gradual improvement as city tourism and business travel rebound seasonally. Government and nonprofit initiatives in workforce development, including training in green jobs and expanded vocational programs, play a key role in connecting displaced workers to new opportunities, as seen in persistent state and local collaboration efforts.

Recent legislative developments include an upcoming minimum wage increase to $11.41 per hour effective January 2026, an indexed adjustment designed to keep up with inflation. Minneapolis also maintains above-average union density, supporting workplace benefits and offering job security, according to data from the Economic Policy Institute. Seasonal labor demand remains high in education, logistics, and hospitality during summer and holiday periods but dips in retail and construction during the winter. Meanwhile, metropolitan commuting shows growing hybrid and remote work patterns, which have shifted transit usage but increased demand for flexible work arrangements. Key gaps include a lack of comprehensive data on wages by sector in 2025 and detailed breakdowns for specific demographic employment rates.

The evolving job market in Minneapolis continues adapting to automation, demographic changes, and a growing focus on sustainability. Three current job openings include Chief of Staff at Siteimprove with a salary range of $201,761 to $252,175 annually, Warehouse Associate at Greenway Solar Services at $20 to $25 per hour, and Recertification Specialist at Volunteers of America for $25.75 per hour, according to Indeed.

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Transcript

Episode Transcript

Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Minneapolis is experiencing a robust job market as of late
summer twenty twenty five, characterized by low unemployment and strong
employer demand, though growth has moderated in line with national
economic cooling. Economic data from CBS Minnesota indicates that Minnesota's
unemployment rate dropped to a record low of two percent

(00:21):
for May, marking the lowest level scene in more than
two decades. This tight labour market reflects a sustained recovery
since the pandemic, even as the US economy as a
whole grew at a slower annual rate. In the first
half of twenty twenty five, according to the Federal Reserve,
job dacancies in the Minneapolis area declined by almost twenty

(00:41):
five percent over the past year. The Minnesota Department of
Employment and Economic Development reports signaling a rebalancing after the
hiring soges of twenty twenty two and twenty twenty three.
Despite this, hiring in healthcare, technology, logistics, and construction remains steady,
while employer competition for talent has moderated from prior peaks.

(01:14):
Major industries fueling employment in Minneapolis include healthcare, technology, financial services, education,
and professional and business services. The region's top employers range
from United Health Group and Target to the University of
Minnesota and Fairview Health Services. Notably, technology, renewable energy, and

(01:35):
cannabis sectors are experiencing the fastest job growth, aligning with
state level legalization and post pandemic digital transformation trends. The
hospitality and leisure sectors, while historically cyclical and still recovering,
show gradual improvement as city tourism and business travel rebound seasonally.

(01:55):
Government and non profit initiatives in workforce development, including training
in greenway jobs and expanded vocational programs, play a key
role in connecting displaced worders to new opportunities, as seen
in persistent state and local collaboration efforts. Recent legislative developments
include an upcoming minimum wage increase to eleven dollars and

(02:16):
forty one cents per hour effective January twenty twenty six,
an indexed adjustment designed to keep up with inflation. Minneapolis
also maintains above average union density, supporting workplace benefits and
offering job security. According to data from the Economic Policy Institute,
Seasonal labor demand remains high in education, logistics, and hospitality

(02:40):
during summer and holiday periods, but dips in retail and
construction during the winter. Meanwhile, metropolitan commuting shows growing hybrid
and remote work patterns, which have shifted transit usage but
increased demand for flexible work arrangements. Key gaps include a
lack of comprehensive data on waysages by sector in twenty

(03:01):
twenty five and detailed breakdowns for specific demographic employment rates.
The evolving job market in Minneapolis continues, adapting to automation,
demographic changes, and a growing focus on sustainability. Three current
job openings include Chief of staff at Site Improve with
a salary range of two hundred and one thousand, seventeen

(03:23):
hundred and sixty one dollars to two hundred fifty two thousand,
one hundred and seventy five dollars annually, warehouse associate at
Greenway Solar Services at twenty dollars to twenty five dollars
per hour, and re certification specialist at Volunteers of America
for twenty five dollars and seventy five cents per hour.
According to Indeed, thank you for tuning in and remember

(03:45):
to subscribe. This has been a quiet please production. For
more check out Quiet Please dot ai
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