High Education and Higher Labor Force Participation


by Cameron Macht

Minnesotans are already well known for our hard work ethic and educational achievements, but recent data again show the quality of our workforce.  According to the newest estimates from 2011, Minnesota has the fourth highest labor force participation rate in the United States, behind Alaska, Nebraska, and North Dakota. Minnesota’s labor force participation rate (for adults age 25 and over) was 70.8 percent, which was five percentage points higher than the national rate. The data clearly show that residents in Minnesota are willing and available to work.

 

Continue reading

Manufacturing on the Rebound


by Rachel Vilsack

Manufacturing is the backbone of Minnesota’s economy, thanks to its strength, versatility, and innovation. In 2011, more than 300,000 people worked in Minnesota’s manufacturing sector, accounting for 13 percent of private sector jobs in the state and $17.3 billion in total wages paid. Manufacturing jobs in Minnesota expanded by nearly three percent in 2011, the highest year of job growth since 1995.

 

Continue reading

The Skills Gap: One Expert’s Opinion


by Ellie Schriner

Recently, the skills gap has been getting more attention in the media, both nationally and locally. There are many opinions out there on this subject, so to get more information I read the book “Why Good People Can’t Get Jobs” by Peter Cappelli. As a Professor at The Wharton School of Business of the University of Pennsylvania, Cappelli has had hands-on experience in both hiring and training.

 

Continue reading

Tackling the Skills Gap


by Rachel Vilsack

You’ve probably heard or read this before, but some employers are expressing difficulty in finding workers with the right skills for the jobs they have available. This has prompted many organizations like the Minnesota State Colleges and Universities (MnSCU) system and the Governor’s Workforce Development Council to address how the education system, in particular, can better prepare the workforce for future jobs. This week, we’ll be considering the issues – what the experts say, what the data say, and what it means for job seekers.

 

Continue reading

What's Happening to Middle Wage Jobs?


Employers are hiring, according to Minnesota’s Job Vacancy Survey. There were 62,950 job openings in Minnesota in second quarter 2012, a 15.1 percent increase compared to one year ago and a 26.2 percent increase from last fall. These data suggest that the labor market is beginning to come back into alignment after the recession. But are job seekers finding opportunities with good wage prospects?

 

Continue reading