August 15, 2025 • 3 mins
Minneapolis’ job market has recently shown signs of deceleration after a long period of resilience, reflecting larger economic headwinds across Minnesota. According to the state’s Department of Employment and Economic Development, Minnesota lost 4,400 jobs in July 2025, a shift attributed partly to national economic policies such as changing tariffs, federal funding cuts, and adjustments to immigration. The state’s unemployment rate rose to 3.5 percent, still lower than the national average of just over 4 percent, but up from 3.3 percent the previous month. About 109,000 Minnesotans are now listed as unemployed, with the labor force participation rate inching down to 68.1 percent, mirroring a small net outflow from the workforce.
Despite the setback in July, Minnesota added over 35,000 jobs year-over-year, marking a 1.2 percent net job gain, a growth rate slightly outpacing the national average. Private sector employment drove much of this increase, particularly in construction, education, and health services, all of which showed healthy gains this summer. Meanwhile, government employment has seen notable reductions, likely reflecting federal policy changes and funding uncertainties. Wage growth continues to be robust, as the average hourly wage for Minneapolis area private sector workers climbed by $2.50 year-over-year to roughly $40, reflecting a 6.5 percent increase that helps many families outpace inflation.
Financial services, healthcare, education, and technology remain Minneapolis’ major industries, with large employers including the University of Minnesota, Target, UnitedHealth Group, and major health systems. Among growing sectors, technology stands out; demand for software engineers is high, and compensation rises sharply with experience. The Red Lake Nation News notes that experience pays significant dividends, especially in areas like fintech and data engineering, while remote roles now carry salary premiums.
Recent workforce patterns point to shifting commuting trends, with more roles remote or hybrid, and central city traffic lighter as some suburban and satellite city growth accelerates. Seasonally, summer brings an uptick in construction and service jobs, while education hires increase in late summer. Government initiatives have tried to sustain labor force participation and retraining, but federal funding disruptions and policy shifts have had a tangible cooling effect.
Key findings for listeners: Minneapolis remains a relatively strong metro labor market despite a recent uptick in unemployment. Wage growth is a bright spot, while job gains are focused in construction, education, health services, and key tech sectors. Short-term uncertainty is likely as federal and global economic policies shift, but core industries are hiring and local companies continue to invest in talent.
Current job openings in Minneapolis include an entry-level software engineer position at Dagster Labs, a registered nurse with M Health Fairview, and a construction site supervisor for Mortenson Construction. Thanks for tuning in, and don’t forget to subscribe. This has been a quiet please production, for more check out quiet please dot ai.
For more http://www.quietplease.ai
Get the best deals https://amzn.to/3ODvOta
Despite the setback in July, Minnesota added over 35,000 jobs year-over-year, marking a 1.2 percent net job gain, a growth rate slightly outpacing the national average. Private sector employment drove much of this increase, particularly in construction, education, and health services, all of which showed healthy gains this summer. Meanwhile, government employment has seen notable reductions, likely reflecting federal policy changes and funding uncertainties. Wage growth continues to be robust, as the average hourly wage for Minneapolis area private sector workers climbed by $2.50 year-over-year to roughly $40, reflecting a 6.5 percent increase that helps many families outpace inflation.
Financial services, healthcare, education, and technology remain Minneapolis’ major industries, with large employers including the University of Minnesota, Target, UnitedHealth Group, and major health systems. Among growing sectors, technology stands out; demand for software engineers is high, and compensation rises sharply with experience. The Red Lake Nation News notes that experience pays significant dividends, especially in areas like fintech and data engineering, while remote roles now carry salary premiums.
Recent workforce patterns point to shifting commuting trends, with more roles remote or hybrid, and central city traffic lighter as some suburban and satellite city growth accelerates. Seasonally, summer brings an uptick in construction and service jobs, while education hires increase in late summer. Government initiatives have tried to sustain labor force participation and retraining, but federal funding disruptions and policy shifts have had a tangible cooling effect.
Key findings for listeners: Minneapolis remains a relatively strong metro labor market despite a recent uptick in unemployment. Wage growth is a bright spot, while job gains are focused in construction, education, health services, and key tech sectors. Short-term uncertainty is likely as federal and global economic policies shift, but core industries are hiring and local companies continue to invest in talent.
Current job openings in Minneapolis include an entry-level software engineer position at Dagster Labs, a registered nurse with M Health Fairview, and a construction site supervisor for Mortenson Construction. Thanks for tuning in, and don’t forget to subscribe. This has been a quiet please production, for more check out quiet please dot ai.
For more http://www.quietplease.ai
Get the best deals https://amzn.to/3ODvOta
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Minneapolis's job market has recently shown signs of deceleration after
a long period of resilience, reflecting larger economic headwinds across Minnesota.
According to the state's Department of Employment and Economic Development,
Minnesota lost four thousand, four hundred jobs in July twenty
twenty five, a shift attributed partly to national economic policies
(00:21):
such as changing tariffs, federal funding cuts, and adjustments to immigration.
The state's unemployment rate rose to three point five per cent,
still lower than the national average of just over four
per cent, but up from three point three three per
cent the previous month. About one hundred nine thousand Minnesotans
are now listed as unemployed, with the labour force participation
(00:43):
rate inching down to sixty eight point one per cent,
mirroring a small met outflow from the workforce. Despite the setback,
in July, Minnesota added over thirty five thousand jobs year
over year, marking a one point two per cent met
job gain, a growth RAE rate slightly outpacing the national average.
(01:03):
Private sector employment drove much of this increase, particularly in construction, education,
and health services, all of which showed healthy gains this summer. Meanwhile,
government employment has seen notable reductions, likely reflecting federal policy
changes and funding uncertainties. Wage growth continues to be robust,
as the average hourly wage for Minneapolis area of private
(01:26):
sector workers climbed by two dollars and fifty cents a
year over year to roughly forty dollars, reflecting a six
point five percent increase that helps many families outpace inflation.
Financial services, health care, education, and technology remain Minneapolis's major industries,
with large employers including the University of Minneapolis, Target, United
(01:47):
Health Group, and major health systems. Among growing sectors, technology
stands out. Demand for software engineers is high and compensation
rises sharply with experience. The Red Lakes Nation News notes
that experience pays significant dividends, especially in areas like fintech
and data engineering, while remote roles now carry salary premiums.
(02:10):
Recent workforce patterns point to shifting commuting trends, with more
roles remote or hybrid, and central city traffic lighter as
some suburban and satellite city growth accelerates seasonally. Summer brings
an uptake in construction and service jobs, while education hires
increase in late summer. Government initiatives have tried to sustain
(02:31):
labor force participation and retraining, but federal funding disruptions and
policy shifts have had a tangible cooling effect. Key findings
for listeners. Minneapolis remains a relatively strong metro labor market
despite a recent uptick in unemployment. Wage growth is a
bright spot, while job gains are focused in construction, education,
(02:51):
health services, and key tech sectors. Short term uncertainty is
likely as federal and global economic policies shift, but core
industry trees are hiring and local companies continue to invest
in talent. Current job openings in Minneapolis include an entry
level software engineer position at Dagster Labs, a registered nurse
with m healththair View, and a construction site supervisor for
(03:13):
Murtensen Construction. Thanks for tuning in and don't forget to subscribe.
This has been a quiet please production. For more check
out quiet please dot ai
Minneapolis's job market has recently shown signs of deceleration after
a long period of resilience, reflecting larger economic headwinds across Minnesota.
According to the state's Department of Employment and Economic Development,
Minnesota lost four thousand, four hundred jobs in July twenty
twenty five, a shift attributed partly to national economic policies
(00:21):
such as changing tariffs, federal funding cuts, and adjustments to immigration.
The state's unemployment rate rose to three point five per cent,
still lower than the national average of just over four
per cent, but up from three point three three per
cent the previous month. About one hundred nine thousand Minnesotans
are now listed as unemployed, with the labour force participation
(00:43):
rate inching down to sixty eight point one per cent,
mirroring a small met outflow from the workforce. Despite the setback,
in July, Minnesota added over thirty five thousand jobs year
over year, marking a one point two per cent met
job gain, a growth RAE rate slightly outpacing the national average.
(01:03):
Private sector employment drove much of this increase, particularly in construction, education,
and health services, all of which showed healthy gains this summer. Meanwhile,
government employment has seen notable reductions, likely reflecting federal policy
changes and funding uncertainties. Wage growth continues to be robust,
as the average hourly wage for Minneapolis area of private
(01:26):
sector workers climbed by two dollars and fifty cents a
year over year to roughly forty dollars, reflecting a six
point five percent increase that helps many families outpace inflation.
Financial services, health care, education, and technology remain Minneapolis's major industries,
with large employers including the University of Minneapolis, Target, United
(01:47):
Health Group, and major health systems. Among growing sectors, technology
stands out. Demand for software engineers is high and compensation
rises sharply with experience. The Red Lakes Nation News notes
that experience pays significant dividends, especially in areas like fintech
and data engineering, while remote roles now carry salary premiums.
(02:10):
Recent workforce patterns point to shifting commuting trends, with more
roles remote or hybrid, and central city traffic lighter as
some suburban and satellite city growth accelerates seasonally. Summer brings
an uptake in construction and service jobs, while education hires
increase in late summer. Government initiatives have tried to sustain
(02:31):
labor force participation and retraining, but federal funding disruptions and
policy shifts have had a tangible cooling effect. Key findings
for listeners. Minneapolis remains a relatively strong metro labor market
despite a recent uptick in unemployment. Wage growth is a
bright spot, while job gains are focused in construction, education,
(02:51):
health services, and key tech sectors. Short term uncertainty is
likely as federal and global economic policies shift, but core
industry trees are hiring and local companies continue to invest
in talent. Current job openings in Minneapolis include an entry
level software engineer position at Dagster Labs, a registered nurse
with m healththair View, and a construction site supervisor for
(03:13):
Murtensen Construction. Thanks for tuning in and don't forget to subscribe.
This has been a quiet please production. For more check
out quiet please dot ai
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