Will I Make Enough Money?


~by Joy Brown

Whether you’re exploring career options for the first time or interested in a career tune-up, there is one rubber-meets-the-road issue that most of us have to face:  Will I make enough money?

While deciding what is “enough”  can be a very complex and personal question, the Cost of Living Tool from the Minnesota Department of Employment and Economic Development (DEED)  provides information to help you make decisions. Continue reading

Minnesota Has More Job Opportunities


by Joy Brown ~

The latest Job Vacancy Survey (JVS) brings good news to Minnesota job seekers.  While job vacancies have been showing labor market recovery for a while, the latest survey shows a total of 88,900 job vacancies across the state.  This is an increase of 47.3% from a year ago and the highest number of job vacancies in 14 years. Continue reading

Are Skills Scarce?


by Alessia Leibert

If 2012 saw the biggest increase in Minnesota job openings since 2005, not all opportunities led to job creation. Some employers faced difficulties filling vacant positions, while others were still reluctant to commit to hiring and preferred waiting for the ideal job candidate to come along. The apparent contradiction between the availability of jobs and the inability of employers to fill them led some commentators to point to “skills gaps” as a major constraint to employment recovery after the Great Recession.

 

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Minnesota Economic Update


by Rachel Vilsack

The road to economic recovery in Minnesota is nearly complete. Total non-farm employment is just 1,000 jobs off of our pre-recessionary job peak, which was in February 2008. Estimates of job vacancies show an 18 percent growth at the end of 2012 compared to one year prior and are also back to pre-recessionary levels. What should we expect of Minnesota’s economy in 2013?

 

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Hiring Difficulties and Skills Mismatches in Minnesota


by Teri Fritsma

When employers have difficulty filling positions, does it mean that there aren’t enough qualified people to take the position? Not always, says a new study on skills mismatches released by the Minnesota Department of Employment and Economic Development. Sometimes there are skills mismatches, but sometimes the difficulties are the result of demand-side conditions like an unattractive compensation package, the location of work, or the hours or shift of work. Most commonly, though, hiring difficulties are the result of a mix of both supply and demand-side conditions.

 

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Measuring Underemployment


by Rachel Vilsack

In December, Minnesota’s unemployment rate fell to 5.5 percent, its lowest rate since August 2008, and considerably lower than the national average of 7.8 percent. The unemployment rate measures people who are not working, but who are available and actively seeking work. Some workers—like those who are discouraged or those with some other barrier to looking for work—are not included in the official calculation. We can see how they impact the national rate, as there are six different measures of the unemployment rate produced by the Bureau of Labor Statistics (BLS) each month. But is there a measure for people who are underemployed?

 

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