Twin Cities Employment Projections to 2020


by Rachel Vilsack

The Twin Cities economy is projected to grow by 12 percent between 2010 and 2020, according to new data from the state’s Labor Market Information Office. By 2020, it’s estimated that there will be 202,060 new jobs across the region’s industry sectors, with even more jobs available as people retire or otherwise leave their professions.

Almost 40 percent of new jobs in the Twin Cities between 2010 and 2020 will be in the education and health services industry.  This sector is expected to add 76,790 jobs, a growth rate of 31 percent. Health care is the leading industry in the region, accounting for about 1 out of 7 regional jobs. The professional and business services (36,950 jobs) and trade, transportation and utilities (28,040 jobs) industries will also add significant numbers of jobs to the metro region.

 

Growth in the manufacturing industry will be slower than average overall, although several sectors will experience a significant expansion in jobs, including wood product (35 percent) and fabricated metal product (10 percent) manufacturing.

 

In terms of occupations, some of the fastest growing and highest paying professions in the Twin Cities are projected to include:

 

Remember that employment changes depend on the demand for goods and services, productivity advances, technological innovations, and shifts in business practices. These are often trends that analysts cannot predict.  Researching industries (and occupations) before making a career decision is important.

 

To learn more about current occupations in demand, training opportunities, and local employers in the Twin Cities, visit the Twin Cities metro regional career page.

 

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