Minneapolis–St. Paul

Striking a balance between job vacancy rates and paid wages within the Metro.

Chart of the week: November 16, 2016

Sources: JLL Research, MN Department of Employment and Economic Development

• Data released from the Minnesota Department of Employment and Economic Development (DEED) paints a picture of the current demand for workers in the Minneapolis Metro Area, also providing wage data by industry.

• This chart takes a look at the ratio between available jobs as of Q2 2016 and the median wage paid. This look allows for high level snapshot into the balance of employer demand for workers and the wages workers are willing to accept, within the Twin-Cities Metro.

• Overall DEED reports 1.2 unemployed person for each vacancy, equivalent to 2015 - which indicates a stable labor market within the State.

A r t s , E nt e r t a i nm e nt , a nd R e c r e a ti on

A c c om m oda ti on a nd F ood S e r vi c e s

A dm i n i s t r a ti ve a nd W a s t e S e r vi c e s

R e t a i l T r a de

O t he r S e r vi c e s , E x . P ubl i c A dm i n

T ot a l , A l l I ndus t r i e s

He a l t h Ca r e a nd S oc i a l A s s i s t a nc e

A g r i c u l t ur e , F or e s t r y, F i s hi ng & Hunti ng

Ma nuf a c t ur i ng

W hol e s a l e T r a de

T r a ns por t a ti on a nd W a re hous i ng

E duc a ti ona l S e r vi c e s

Ma na g e m e nt of Com pa ni e s a nd E nt e r pr i s e s

P ubl i c A dm i ni s t r a ti on

R e a l E s t a t e a nd R e nt a l a nd L e a s i ng

I nf or m a ti on

U ti l i ti e s

F i na nc e a nd I ns ur a nc e

Cons t r uc ti on

P rof e s s i ona l a nd T e c hni c a l S e r v i c e s

0.40

0.50

0.34

0.38

0.47

0.27

0.30

0.44

0.24

0.19

0.16

0.15

0.14

0.07

0.04

0.17

0.07

0.17

0.11

0.09