"Minneapolis Job Market Holds Steady: Growth in Clean Energy and Downtown Redevelopment"

The job market in Minneapolis remains steady and resilient, echoing statewide stability in Minnesota’s employment landscape for June 2025. According to Minnesota’s Department of Employment and Economic Development (DEED), the state’s unemployment rate held firm at 3.3 percent, outpacing the national average of 4.1 percent. The labor force participation rate is a robust 68.2 percent, with 2,100 people entering the labor force in June, marking the tenth month of growth in the past year, a sign of continued optimism and opportunities for job seekers. Over the past year, Minnesota added more than 48,500 jobs, a 1.6 percent gain, with nearly 35,000 new jobs arising from the private sector. Minneapolis, as the state’s largest city and economic engine, reflects these trends closely.

Major industries in Minneapolis encompass healthcare, government, retail, professional services, education, and financial services. Target Corporation is a dominant private employer and recently implemented new in-office work requirements for its commercial unit employees, seeking to reinvigorate downtown business activity along with companies like U.S. Bank, Ameriprise Financial, and Hennepin Healthcare. Construction and trade, transportation, and utilities are experiencing growth, adding over 2,000 jobs in June alone. Clean energy is another fast-rising sector in Minnesota; employment reached an all-time high of 62,102 workers, with a four percent annual increase, showing robust expansion in both urban Minneapolis and the greater metro area. Trucking and logistics remain vital, with leading companies such as T.A. Dedicated and Long Haul Trucking providing strong employment opportunities. However, manufacturing has softened, shedding 1,700 jobs in June, a trend attributed partly to ongoing global supply chain disruptions and trade policies. Leisure and hospitality also saw moderate declines.

Recent developments include Minneapolis’s continuing downtown redevelopment projects, which have maintained construction jobs and fostered new residential growth. Companies are showing flexibility in commuting and work arrangements; Target’s new hybrid workforce model is expected to boost downtown activity and transit ridership. The change in commuting patterns is evident as large employers bring more workers back to the office, contributing to the local economy and revitalized urban core. State and local governments support job seekers through DEED’s CareerForceMN, offering job search, training, and career counseling. Demand for skills in fields such as training, finance, and sales remains high as reported by Upwork.

Listeners should note that while the job market is steady, some sector-specific data on certain positions or wage trends is limited in current public reporting. Key findings highlight low unemployment, major growth in clean energy, and continued downtown redevelopment as drivers of current and future hiring.

A sample of current job openings in Minneapolis includes roles such as supply chain manager at Target, clean energy project specialist, and truck driver for T.A. Dedicated. Thank you for tuning in and don’t forget to subscribe. This has been a Quiet Please production, for more check out quietplease dot ai.

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Episode Transcript

Speaker 1 (00:00):
The job market in Minneapolis remains steady and resilient, echoing
statewide stability in Minnesota's employment landscape. For June twenty twenty five,
according to Minnesota's Department of Employment and Economic Development DIED,
the state's unemployment rate held firm at three point three
per cent, outpacing the national average of four point one

(00:20):
per cent. The labour force participation rate is a robust
sixty eight point two per cent, with two thousand, one
hundred people entering the labor force in June, marking the
tenth month of growth in the past year, a sign
of continued optimism and opportunities for job seekers. Over the
past year, Minnesota added more than forty eight thousand, five

(00:41):
hundred jobs, a one point six per cent gain, with
nearly thirty five thousand new jobs arising from the private sector. Minneapolis,
as the state's largest city and economic engine, reflects these
trends closely. Major industries in Minneapolis encompass healthcare, government, retail,
professional services, education, and financial services. Target Corporation is a

(01:05):
dominant private employer and recently implemented new in office work
requirements for its commercial unit employees. Seeking to reinvigorate downtown
business activity, along with companies like US Bank, Ameerprize Financial,
and Hennepin. Healthcare, construction and trade, transportation and utilities are

(01:26):
experiencing growth, adding over two thousand jobs in June alone.
Clean energy is another fast rising sector. In Minnesota, employment
reached an all time high of sixty two thousand, one
hundred and two workers, with a four percent annual increase,
showing robust expansion in both urban Minneapolis and the Greater
Metro area. Trucking and logistics remain vital, with leading companies

(01:49):
such as Ta Dedicated and long haul Trucking providing strong
employment opportunities. However, manufacturing has softened, shutting one thousand, seven
hundred jobs in June, a trend attributed partly to ongoing
global supply chain disruptions and trade policies. Leisure and hospitality
also saw moderate declines. Recent developments include Minneapolis's continuing downtown

(02:13):
redevelopment projects, which have maintained construction jobs and fostered new
residential growth. Companies are showing flexibility in commuting in work arrangements.
Target's new hybrid workforce model is expected to boost downtown
activity and transit ridership. The change in commuting patterns is
evident as large employers bring more workers back to the office,

(02:36):
contributing to the local economy and revitalized urban core. State
and local governments support job seekers through deed's Career Force
MN offering job search training, and career counseling. Demand for
skills in fields such as training, finance, and sales remains high,

(02:57):
as reported by Upwork. Listeners should note that while if
the job market is steady, some sector specific data on
certain positions or wage trends is limited in current public reporting.
Key findings highlight low unemployment, major growth in clean energy,
and continued downtown redevelopment as drivers of current and future hiring.

(03:19):
A sample of current job openings in Minneapolis includes roles
such as supply chain manager at Target, clean energy projects specialist,
and truck driver. For TA dedicated Thank you for tuning
in and don't forget to subscribe. This has been a
quiet please production. For more check out quiet please dot
ai