Facts. Minnesota. Table of Contents. Annual Average Employment by Industry, Minnesota 6. Nonagricultural Employment, Minnesota and United States 7
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2 Minnesota Facts Table of Contents Population Estimates, Minnesota Number of Employed and Unemployed, Minnesota and United States 2 Average Unemployment Rates, Minnesota and United States 3 Labor Force Participation Rates, Minnesota 4 Labor Force Participation Rates, United States 5 Annual Average Employment by Industry, Minnesota 6 Nonagricultural Employment, Minnesota and United States 7 Employment Projections by Industry, Minnesota and United States 8 Employment Projections by Occupation, Minnesota and United States 9 10 Fastest-Growing Occupations and Hourly Wages, Minnesota and U.s. 10 Initial Claims for Unemployment Insurance, Minnesota and United States 11 Average Weeks Claimed of Unemployment Insurance, Minnesota and U.S. 12 Maximum Weekly Benefit Amount, Minnesota Per Capita Personal Income, Minnesota and United States 14 Current Poverty Guidelines and Lower Living Standard Income Levels 15 Poverty Rates, Minnesota and United States 16 Consumer Price Index for All Urban Consumers 17 Reference: Useful Websites 18 Definitions of Labor Market Terms 19
3 1 Population Estitnates Minnesota, l I I II Number ofemployed and Number ofunetnployed Minnesota and United States, ,200,000 5,100,000 5,000,000 4,900,000.* 4,800,000..$ 4,700,000 t 4,600,000 4,500,000 4,400,000 4,300,000 4,200, I- I- I-- - I- I- l- I- I- I-- l- i- I- I-- I- I- I- I- I-- I I- I l- I- I '-r j I 2004 Labor Force 2,951,682 2,813, ,851 UNITED STATES 1994 Labor Force (in thousands) 131,062 Employed (in thousands) 123,065 Unemployed (in thousands) 7, , ,252 8, Source: u.s. Census Bureau 5,100,958 Source: Local Area Unemployment Statistics (LAUS), Minnesota Department of Employment and Economic Development, Bureau of Labor Statistics, U.S. Department of Labor Population estimates for 2000 forward are based on the 2000 Census. Estimates for 1993 through 1999 are based on the 1990 Census. This creates a break in series between 1999 and ~~??~~~~~:~r.?!?~?~~???~:lp~~?::~~1:~~~.~?r.~?r1.:~~~:~~~:1.1.1.~~!?!i~r.:.:l 1 LabOl' Market I1iformation Office page... page 2
4 ., _ M _ Average Unemployment Rate Minnesota and United States, Labor Force Participation Rates Minnesota, Youth Minnesota United States Total Male Female (Age 16-19) % % 81.6 % 69.8 % 73.4 % NA NA NA NA Source: Current Population Survey, Bureau of Labor Statistics, U.S. Department of Labor Minnesota Labor Force Participation Rates... o o N N M oon -+-Total -JIll-Male --6-Female -+:::-Youth Minnesota Workforce 3 Labot Market Information Office page Labor Market Information HelpLine: or i4 (Toll Free) page 4
5 Labor FOl-ce Participation Rates United States, l Eluployment by Industry Minnesota, 2003 Youth Total Male Female (Age 16-19) % 75.1 % 58.8 % ' Source: Current Population Survey, Bureau of Labor Statistics, U.S. Department of Labor Leisure and Hospitality Professional and Business Services 3 Other Industries Trade, Transportation, and Utilities Manufacturing 85% 80% 75% 70% 65% 60% 55% 50% 45% United States Labor Force Participation Rates!ilm lili!!ilm lili! lili! lili!!ilm lili!!ilm lili! lili! A A A A A A A A A A 6 ~:::~:::~:::~:::~:::~ :::~~ ~:::~~ Education and Health Services Industry 40% ,----,---.,----,--,..--~--~-_-~-~ Total -lili!- Male -A--- Female...:::~ Youth Source: Quarterly Census of Employment and Wages (QCEW), Minnesota Department of Employment and Economic Development!::.~??~~a.~~(:~~~?~~1~~~?I~~(:I~!::.~::?s.~:?~:::?~4 or 1: (Toll Free) Labo1' Market Information Office page page 6 MINNESOTA DEPARTMENT OFEMPLOYMENT
6 Nonagricultural EIUploYluent Minnesota and United States, Employment Projections by Industry Minnesota and United States, Minnesota United States Prof. and Business Services Percent Change in Employment, Minnesota United States 27 % 30 % Construction <;:Jovernment ,677, ,480, Cll Cl l: Cll 1.5..c:: u 1.0 C Cll... u 0.5 Cll II Percent Change in Employment Minnesota EiiI United States Source: Employment Projections, Minnesota Department of Employment and Economic Development, Bureau of Labor Statistics, U.S. Department of Labor Percent Change in Number ofjobs, % Ed. and Health Services Construction Leisure and Hospitality Information Other Services Financial Activities 0% 5% Government ~~~~~:::!!::J 10% 15% 20% 25% 30% 35% Prof. and Business se;rv~i~ce~sliiiiiiiiiiiiiiiiiiiiiiii;;;----.j Trade, Transport., and Utilities Minnesota E!I United States Source: Current Employment Statistics (CES), Minnesota Department of Employment and Economic Development, Bureau of Labor Statistics, U.S. Department of Labor Manufacturing'... Self-employed (non farm) Labor Market Information or (Toll Free) page 7 page 8 Labor Market Info1'1nation Office
7 Employluent Projections by Occupation Group Minnesota and United States, Top 10 Fastest-Growing Occupations & Hourly Wages Minnesota and United States, Percent Change in Employment, : Minnesota United States Mmnesota Rank Occupation Projected Job Growth First Qtr. Median Hourly Wage Professional and Related 21.7 % 23.3% Construction and Extraction Source: Employment Projections, Minnesota Department of Employment and Economic Development, Bureau of Labor Statistics, U.S. Department of Labor Percent Change in Number ofjobs, % 0% 5% 10% 15% 20% 25% Professional and Related Construction and Extraction Sales and Related Management, Business, and Financial Installation, Maintenance, and Repair Source: Employment Projections, Minnesota Department of Employment and Economic Development, Bureau of Labor Statistics, U.S. Department of Labor Transportation and Material Moving I" U Office and Administrative Support Minnesota 1iI United States Labor Market Information or (Toll Free) page 9 LaborMa1 ket Information Office page 10
8 T" Initial Claims for U nemploytnent Insurance Minnesota and United States, Average Weeks Claimed of Unemployment Insurance Minnesota and United States, Minnesota United States' Minnesota United States Annual Change Minnesota United States ,194 2,221,662-8, ,948 17,956,673 Source: Minnesota Unemployment Benefits Program, Minnesota Department of Employment and Economic Development, Bureau of Labor Statistics, U.S. Department of Labor ,793 2,949, * Average weeks claimed is approximately equal to the average number of people claiming unemployment insurance during an average week. Minnesota Initial Claims for Unemployment Insurance 70.0% Annual Change in Average Weeks Claimed 60.0% 350, , , , % 40.0% % % ~ "~ 10.0% 0.0% 150, ,000 50, % -20.0% -30.0% o Minnesota E!J United States Source: Employment and Training Administration, U.S. Department of Labor. Calculations done by Minnesota Department of Employment and Economic Development. Minnesota Workforce page 11 Labor MR.1'ket Information Office I.:~~~()rM~~~~tIl?(()~!11a!i()11J::I~lpJ:,i.~,,:~~I:?~~:~?li()~1.&~~:~3.:l::~}~:l:(Ic:>I! ~~~) LabOl' Market Inf01'mation Office page 12
9 Maximum Weekly Benefit Amount for VI Minnesota, Per Capita Personal Income, not adjustedfor inflation Minnesota and United States, Maximum Weekly Benefit Amount* $ $ $ $ *Eftective August 1 of every year. Source: Bureau of Economic Analysis, U.S. Department of Commerce Source: Minnesota Unemployment Benefits Program, Minnesota Department of Employment and Economic Development $40,000 Per Capita Personal Income Minnesota Maximum Weekly Benefit Amount $35,000 $550 $500 $450 $400 $350 $300 $250 $200 $150 $100 L-~-~-~ , ,---,-----,-----, Maximum Weekly Benefit Amount*.' $30,000 $25,000 $20,000 $15,000 $10, fiij-maximum Weekly Benefits Amount Adjusted for Inflation (CPI-U).. Minnesota E!I United States Labol' Market Information Office page 13 Labor Market Information page or
10 'F I Family ~Ize Current Poverty Guidelines and Lower Living Standard Income Levels (LLSIL) Poverty Guidelines for all States' Effective May 11, 2005 Metro Lountles' 70% of llsll for Midwest Non-Metro Lountles Poverty Rates Minnesota and United States, Minnesota United States 2 $ ,350 $25, Total hourly wage needed at 40 hours per week, 52 weeks per year to meet: Source: U.S. Census Bureau Family Size Poverty Guidelines 70% of llsll for Midwest Non-metro Counties 16% Poverty Rates 14% 12% 10% 8% 4% * Metro counties in Minnesota include Anoka, Benton, Carver, Chisago, Clay, Dakota, Hennepin, Houston, Isanti, Olmsted, Polk, Ramsey, Scott, Sherburne, St. Louis, Stearns, Washington and Wright. 2% 0% Source: Federal Register, U.S. Department of Health and Human Services, u.s. Department of Labor %..Minnesota lli!ll United States Labor Market Information or page page 16
11 F Consumer Price Index for All Urban Consumers U.S., Useful Websites U.S. CPI-U =100 Percent Change % Source: Bureau of Labor Statistics, U.S. Department of Labor Minnesota Department of Employment and Economic Development Minnesota Labor Market Information Internet System for Education and Employment Knowledge (ISEEK) Minnesota Community Profiles and Property Search Minnesota Demographics Center Bureau of Labor Statistics, U.S. Department of Labor g j/. 170 ~ ~ ~ 140 United States Consumer Price Index for All Urban ~ ~ 130 ~ ,-----"------r--, ,------,--,.---,---,-----,,--,..----, Bureau of Economic Analysis, U.S. Department of Commerce Federal Reserve Bank of Minneapolis U.S. Census Bureau, U.S. Department of Commerce Statistical Resources on the Web: U of MI Documents Center Minnesota Unemployment Insurance Program page 17 page 18 Labo1' Ma1'ket Info1"1nation Office
12 Definitions of Labor Market Terms Bureau of Labor Statistics (BLS): The BLS is part ofthe U.S. Department of Labor and nmctions as the principal datagathering agency ofthe federal government in the field of labor economics. The BLS. collects, processes, analyzes and disseminates data relating to employment, unemployment, the labor force, productivity, prices, family expenditures, wages, industrial relations, and occupational safety and health. Civilian Labor Force: The sum ofall employed and unemployed noninstitutionalized persons 16 years ofage or older. Members ofthe armed forces are excluded. Consumer Price Index (CPI): The CPI is a measure ofthe average change in the prices paid by urban consumers for a fixed-market basket of goods and services. There is a separate index for the Minneapolis-St.Paul Metropolitan Statistical Area (MSA) but not for the state ofminnesota. Quarterly Census of Employment and Wages (QCEW): A federal/state cooperative program that collects and compiles employment and wage data for workers covered by state unemployment insurance laws and federal civilian workers covered by Unemployment Compensation for Federal Employees (UCFE). Initial Claims: Federal term for initial applications tor unemployment benefits; used as an economic indicator to measure emerging unemployment. Local Area Unemployment Statistics (LAUS) Program: A federal/state cooperative program that produces employment, labor torce, unemployment and unemployment rate estimates tor states and local areas. Metropolitan Statistical Area (MSA): A term applied by the U.S. Office of Management and Budget to counties that have one or more central cities and meet specified criteria tor population density, commuting patterns and social and economic integration. Unemployment: An estimate ofthe number ofpersons who did not have a job but were available for work and actively seeking work during the calendar week that includes the 12th day of the month. Unemployment Insurance (UI): A tederal government program in Minnesota that collects taxes (premiums) from employers in order to pay benefits to persons who are unemployed through no tault of their own. Unemployment insurance benefits help provide economic stability to individuals and communities during times of economic downturn. Current Employment Statistics (CES) Program: A federal/state cooperative program that conducts a statistical survey offirms to determine employment blel by industry in the nonagricultural sector ofthe economy. Monthly employment statistics are available by state, MSA, and tor the nation. Labor Market Information or page 19 Labot Market Information Office
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