According to the most recent estimates from the Bureau of Labor Statistics, total nonfarm employment in Minneapolis-St. Paul stood at 1.95 million payrolls, representing an annualized increase of 34,000 jobs or 1.8 percent. MSP’s office-using sectors accounted for 44.7 percent of the 12-month total employment growth. Non-office sectors, in particular education and healthcare, were the largest job creators of 2015. And year-over-year, the industrial sectors experienced a job loss of 8.2 percent, largely due to contractions in trade, transportation & utilities. At the national level, 2016 began on a relatively soft note, with only 151,000 net new jobs created during the month. In comparison, the six-month average totals 214,500 new jobs. Hourly wage growth remains steady at 2.5 percent as inflation is flat and labor shortages, particularly for educated workers and in many metro areas, are becoming more apparent.

1. Total jobs vs. unemployment rate: MSP
Source: JLL Research, Bureau of Labor Statistics
Job growth/loss by sector (12-month change): MSP
Source: JLL Research, Bureau of Labor Statistics
Industrial employment trends (12-month change): MSP
Source: JLL Research, Bureau of Labor Statistics
• According to the most recent estimates from the Bureau of Labor Statistics,
total nonfarm employment in Minneapolis-St. Paul stood at 1.95 million
payrolls, representing an annualized increase of 34,000 jobs or 1.8 percent.
• MSP’s office-using sectors accounted for 44.7 percent of the 12-month total
employment growth. Non-office sectors, in particular education and
healthcare, were the largest job creators of 2015. And year-over-year, the
industrial sectors experienced a job loss of 8.2 percent, largely due to
contractions in trade, transportation & utilities.
• At the national level, 2016 began on a relatively soft note, with only 151,000
net new jobs created during the month. In comparison, the six-month
average totals 214,500 new jobs.
• Hourly wage growth remains steady at 2.5 percent as inflation is flat and
labor shortages, particularly for educated workers and in many metro areas,
are becoming more apparent.
Employment Update
Minneapolis-St. Paul | February 2016
4.9%U.S. unemployment
1.9%U.S. 12-month job growth
3.1%MSP unemployment
1.8%MSP 12-month job growth
3.5%Minnesota unemployment
1.5%Minnesota 12-month job growth
Office employment trends (12-month change): MSP
Source: JLL Research, Bureau of Labor Statistics
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
1,550,000
1,650,000
1,750,000
1,850,000
2005 2007 2009 2011 2013 2015
Total Employment
Unemployment
Peak: 1,891,323 jobs
-3,600
-1,600
-300
-200
1,000
2,600
4,300
8,400
10,200
13,200
Trade, Transportation & Utilities
Mining and Logging
Information
Other Services
Government
Manufacturing
Financial Activities
Leisure & Hospitality
Professional & Business Services
Educational & Health Services
-20.0
-10.0
0.0
10.0
20.0
30.0
2011 2012 2013 2014 2015
Financial Activities
Professional and Business Services
Information
Government
In thousands
-5.0
0.0
5.0
10.0
15.0
20.0
2011 2012 2013 2014 2015
Mining, Logging & Construction Trade, Transportation & Utilities
Manufacturing Other Services

2. Industry employment stratification
Minneapolis-St. Paul
Source: JLL Research, Bureau of Labor Statistics
©2016 Jones Lang LaSalle IP, Inc. All rights reserved.
Employment statistics
Minneapolis-St. Paul
December
2013
December
2014
December 2015
Total Non-farm
Employment
1,889,000
2.3%
1,913,600
1.3%
1,947,600
1.8%
Unemployment Rate 4.2% 3.2% 3.1%
MSP supersectors
December
2013
December
2014
December 2015
Mining, Logging & Construction 65,100 10.9% 68,100 4.6% 66,500 -2.3%
Manufacturing 187,800 1.2% 193,000 2.8% 195,600 1.3%
Trade, Transportation,
& Utilities
350,200 2.0% 354,100 1.1% 350,500 -1.0%
Information 40,200 -1.7% 39,800 -1.0% 39,500 -0.8%
Financial Activities 145,400 0.8% 144,900 -0.3% 149,200 3.0%
Professional & Business
Services
297,800 2.1% 306,000 2.8% 316,200 3.3%
Educational & Health Services 305,600 3.6% 307,000 0.5% 320,200 4.3%
Leisure & Hospitality 168,000 3.1% 171,100 1.8% 179,500 4.9%
Other Services 78,200 0.0% 79,900 2.2% 79,700 -0.3%
Government 250,700 1.6% 249,700 -0.4% 250,700 0.4%
18%
17%
16%13%
10%
9%
8%
4%
3% 2%
Trade, transportation and Utilities Educational and Health Services
Professional and Business Services Government
Manufacturing Leisure and Hospitality
Financial Activities Other Services
Mining, Logging and construction Information
For more information, please contact:
Carolyn Bates │ carolyn.bates@am.jll.com