February 5, 2025 • 2 mins
The job market in Minneapolis is experiencing significant growth and development, particularly in the tech sector. As of 2025, the tech industry comprises 12.4% of the city's workforce, with salaries 15% higher than in other sectors. The city boasts nearly 60,000 tech jobs and is ranked as the second-best Midwest startup city.
Employment in Minneapolis is characterized by a diverse workforce and a high median household income of over $82,000. Major industries include AI, IoT, cloud computing, and cybersecurity, with companies like Accenture, PwC, Target, and U.S. Bank being key employers. The cybersecurity job market is particularly vibrant, with a projected 28% growth rate in roles by 2025 and average salaries around $124,380.
The unemployment rate in the Minneapolis-St. Paul-Bloomington area is relatively low, standing at 2.90% as of November 2024, which is lower than the long-term average of 4.02%. Minnesota's overall unemployment rate was 3.3% in December 2024, with the labor force participation rate at 67.9%.
Recent developments show that while some sectors like Construction and Financial Activities have seen job losses, others such as Manufacturing, Information, Professional and Business Services, and Government have posted positive growth. Mining and Logging, Trade, Transportation and Utilities, Education and Health Services, and Leisure and Hospitality have also shown significant annual job growth.
Seasonal patterns indicate some fluctuations, but overall, the job market remains robust. Commuting trends are not specifically highlighted in recent data, but the city's strong job market suggests a stable and attractive environment for workers.
Government initiatives and educational programs are supporting the growth in tech and cybersecurity fields. For instance, the Minneapolis Technology Summit 2025 will focus on AI and cloud security opportunities, and there are various hands-on training and flexible learning options available.
In terms of market evolution, Minneapolis is becoming a prominent tech hub with competitive salaries and benefits, without the high living costs associated with other major tech hubs.
Key findings include the strong growth in tech employment, low unemployment rates, and the emergence of cybersecurity as a major growth area.
Current job openings include:
- Cybersecurity Analyst at Target
- Cloud Security Engineer at U.S. Bank
- AI Developer at Accenture
Employment in Minneapolis is characterized by a diverse workforce and a high median household income of over $82,000. Major industries include AI, IoT, cloud computing, and cybersecurity, with companies like Accenture, PwC, Target, and U.S. Bank being key employers. The cybersecurity job market is particularly vibrant, with a projected 28% growth rate in roles by 2025 and average salaries around $124,380.
The unemployment rate in the Minneapolis-St. Paul-Bloomington area is relatively low, standing at 2.90% as of November 2024, which is lower than the long-term average of 4.02%. Minnesota's overall unemployment rate was 3.3% in December 2024, with the labor force participation rate at 67.9%.
Recent developments show that while some sectors like Construction and Financial Activities have seen job losses, others such as Manufacturing, Information, Professional and Business Services, and Government have posted positive growth. Mining and Logging, Trade, Transportation and Utilities, Education and Health Services, and Leisure and Hospitality have also shown significant annual job growth.
Seasonal patterns indicate some fluctuations, but overall, the job market remains robust. Commuting trends are not specifically highlighted in recent data, but the city's strong job market suggests a stable and attractive environment for workers.
Government initiatives and educational programs are supporting the growth in tech and cybersecurity fields. For instance, the Minneapolis Technology Summit 2025 will focus on AI and cloud security opportunities, and there are various hands-on training and flexible learning options available.
In terms of market evolution, Minneapolis is becoming a prominent tech hub with competitive salaries and benefits, without the high living costs associated with other major tech hubs.
Key findings include the strong growth in tech employment, low unemployment rates, and the emergence of cybersecurity as a major growth area.
Current job openings include:
- Cybersecurity Analyst at Target
- Cloud Security Engineer at U.S. Bank
- AI Developer at Accenture
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
This is your Minneapolis Job Market Report Daily podcast, and
here is what we know for today. The job market
in Minneapolis is experiencing significant growth and development, particularly in
the tech sector. As of twenty twenty five, the tech
industry comprises twelve point four percent of the city's workforce,
with salaries fifteen percent higher than in other sectors. The
(00:22):
city boasts nearly sixty thousand tech jobs and is ranked
as the second best Midwest startup city. Employment in Minneapolis
is characterized by a diverse workforce and a high median
household income of over eighty two thousand dollars. Major industries
include AI, IoT, cloud computing, and cybersecurity, with companies like Accenture, PwC, Target,
(00:43):
and US Bank being key employers. The cybersecurity job market
is particularly vibrant, with a projected twenty eight percent growth
rate in rolls by twenty twenty five and average salaries
around one hundred and twenty four thousand, three hundred eighty
The unemployment rate in the Minneapolis Saint Paul Bloomington area
is relatively low, standing at two point nine zero percent
(01:04):
as of November twenty twenty four, which is lower than
the long term average of four point zero two percent.
Minnesota's overall unemployment rate was three point three percent in
December twenty twenty four, with the labour force participation rate
at sixty seven point nine percent. Recent developments show that
while some sectors like construction and financial activities have seen
(01:25):
job losses, others such as manufacturing, information, professional and business services,
and government have posted positive growth. Mining and logging, trade,
transportation and utilities, education and health services, and leisure and
hospitality have also shown significant annual job growth. Seasonal patterns
indicate some fluctuations, but overall, the job market remains robust.
(01:50):
Commuting trends are not specifically highlighted in recent data, but
the city's strong job market suggests a stable and attractive
environment for workers. Government initiationsives, and educational programs are supporting
the growth in tech and cybersecurity fields. For instance, the
Minneapolis Technology Summit twenty twenty five will focus on AI
(02:11):
and cloud security opportunities, and there are various hands on
training and flexible learning options available. In terms of market evolution,
Minneapolis is becoming a prominent tech hub with competitive salaries
and benefits without the high living costs associated with other
major tech hubs. Key findings include the strong growth in
(02:31):
tech employment, low unemployment rates, and the emergence of cybersecurity
as a major growth area. Current job openings include cybersecurity
analyst at Target, cloud security engineer at US Bank, AI
developer at Accenture. And that is it for today. Hit
the subscribe button. This has been a quiet please production
(02:52):
with the help of AI. Thanks for listening.
This is your Minneapolis Job Market Report Daily podcast, and
here is what we know for today. The job market
in Minneapolis is experiencing significant growth and development, particularly in
the tech sector. As of twenty twenty five, the tech
industry comprises twelve point four percent of the city's workforce,
with salaries fifteen percent higher than in other sectors. The
(00:22):
city boasts nearly sixty thousand tech jobs and is ranked
as the second best Midwest startup city. Employment in Minneapolis
is characterized by a diverse workforce and a high median
household income of over eighty two thousand dollars. Major industries
include AI, IoT, cloud computing, and cybersecurity, with companies like Accenture, PwC, Target,
(00:43):
and US Bank being key employers. The cybersecurity job market
is particularly vibrant, with a projected twenty eight percent growth
rate in rolls by twenty twenty five and average salaries
around one hundred and twenty four thousand, three hundred eighty
The unemployment rate in the Minneapolis Saint Paul Bloomington area
is relatively low, standing at two point nine zero percent
(01:04):
as of November twenty twenty four, which is lower than
the long term average of four point zero two percent.
Minnesota's overall unemployment rate was three point three percent in
December twenty twenty four, with the labour force participation rate
at sixty seven point nine percent. Recent developments show that
while some sectors like construction and financial activities have seen
(01:25):
job losses, others such as manufacturing, information, professional and business services,
and government have posted positive growth. Mining and logging, trade,
transportation and utilities, education and health services, and leisure and
hospitality have also shown significant annual job growth. Seasonal patterns
indicate some fluctuations, but overall, the job market remains robust.
(01:50):
Commuting trends are not specifically highlighted in recent data, but
the city's strong job market suggests a stable and attractive
environment for workers. Government initiationsives, and educational programs are supporting
the growth in tech and cybersecurity fields. For instance, the
Minneapolis Technology Summit twenty twenty five will focus on AI
(02:11):
and cloud security opportunities, and there are various hands on
training and flexible learning options available. In terms of market evolution,
Minneapolis is becoming a prominent tech hub with competitive salaries
and benefits without the high living costs associated with other
major tech hubs. Key findings include the strong growth in
(02:31):
tech employment, low unemployment rates, and the emergence of cybersecurity
as a major growth area. Current job openings include cybersecurity
analyst at Target, cloud security engineer at US Bank, AI
developer at Accenture. And that is it for today. Hit
the subscribe button. This has been a quiet please production
(02:52):
with the help of AI. Thanks for listening.
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