understanding minnesota’s regional economy
DESCRIPTION
Understanding Minnesota’s Regional Economy. To Hear the Webinar: Call (646) 307-1720 ; Access Code: 921-652-630. Presenter: Cameron Macht , DEED Host: Denise Felder, iSeek Solutions. How to Ask Questions. Mute your phone “Raise your hand” Type in “Question” - PowerPoint PPT PresentationTRANSCRIPT
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Understanding Minnesota’s Regional Economy
Presenter: Cameron Macht, DEEDHost: Denise Felder, iSeek Solutions
To Hear the Webinar: Call (646) 307-1720; Access Code: 921-652-630
![Page 2: Understanding Minnesota’s Regional Economy](https://reader035.vdocument.in/reader035/viewer/2022062500/56815b1b550346895dc8cae5/html5/thumbnails/2.jpg)
How to Ask Questions
Mute your phone
“Raise your hand”Type in “Question”
Use phone to ask questions/discuss
“Chat” to talk to Organizer only
To Hear the Webinar: (646) 307-1720Access Code: 921-652-630(long distances fees may apply)
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Understanding the Regional EconomyiSeek Solutions Monthly Webinar
February 13, 2013
Cameron MachtRegional Labor Market Analyst
www.positivelyminnesota.com
To Hear the Webinar: Call (646) 307-1720; Access Code: 921-652-630
![Page 4: Understanding Minnesota’s Regional Economy](https://reader035.vdocument.in/reader035/viewer/2022062500/56815b1b550346895dc8cae5/html5/thumbnails/4.jpg)
To Hear the Webinar: Call (646) 307-1720; Access Code: 921-652-630
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Over-the-year regional trends
Source: MN Dept of Employment & Economic Development
• None of theregions areback to break-even (fromQ2 2007) yet
• Southeast (99%)is closest, all arenow above 97%
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Regional Unemployment Rates
Source: MN Dept of Employment & Economic Development
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DEED Regional Data ToolISEEK’s Regional Websites
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ISEEK Regional Websites
www.iseek.org/jobs/regional.html
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Regional Labor Market Data Tool
• The regional data tool brings together labor market and relevant demographic data on each county and region in Minnesota in to one easy-to-use website.
• View and download regional data, charts and graphs.
www.PositivelyMinnesota.com/RD
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Regional labor market data tool
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Regional Employment Projections
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Forecasting Future Job Trends
• Minnesota’s economy will grow by 13%, or 368,000 new jobs, between 2010 and 2020.
• Over 663,000 new workers will be needed to take jobs left vacant through retirements and replacements.
• Employment changes depend on the demand for goods and services, productivity advances, technological innovations, and shifts in business practices.
www.PositivelyMinnesota.com/EOSource: MN Dept of Employment & Economic Development
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Health care will add the most new jobs in Minnesota between 2010 and 2020
Source: MN Dept of Employment & Economic Development
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Health services will continue to lead job growth in Northeast MN
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Half of new jobs in Northwest MN will be in education and health services sector
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Fastest job growth expected in Central Minnesota
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Education and health care will dominate Southeast MN job growth
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Southwest MN projected to have slowest regional job growth
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Construction and manufacturing job growth to remain below pre-recessionary levels in the Twin Cities
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Replacement openings to exceed new job growth in all regions of MN
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Occupational details are important when choosing a future career
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Regional LMI Websites
ISEEK Regional Websites: www.iseek.org/jobs/regional.html
DEED Regional Labor Market Tool: www.PositivelyMinnesota.com/RD
DEED Employment Outlook: www.PositivelyMinnesota.com/EO
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iSeek Solutions Monthly Webinars
• Discussion: Wednesday, Feb 27, 2013Career Resources for People with Multiple Barriers
• Training: Wednesday, March 13, 2013
• Training: Wednesday, April 10, 2013
• Discussion: Wednesday, April 24, 2013Family Involvement in Career Exploration for Youth
www.iseek.org/info/outreach_webinar.html
www.iseek.org/guide/counselors/ipcschedule.html
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Connect with Us DEED Facebook: www.facebook.com/positivelymn ISEEK Facebook: www.facebook.com/ISEEK.org
LinkedIn: MinnesotaWorks.net LinkedIn: iSeek Solutions Professional Community
DEED Twitter: @positivelymn ISEEK Twitter: @iseekmn
ISEEK Quarterly E-newsletter: www.iseek.org/news/newsletter.html
ISEEK Customer Service: http://iseek.custhelp.com/app/ask
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www.iseek.org/news/newsletter.html