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Employment in the Twin Cities Region 2000-2006

Employment in the Twin Cities Region 2000-2006. Regional jobs at new 2Q high Core of region slower to recover. Highlights. Region’s employment level regained losses by 2005 Post-recession growth slightly lags U.S. average. Region up 2.1% from previous peak.

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Employment in the Twin Cities Region 2000-2006

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  1. Employment in theTwin Cities Region2000-2006 Regional jobs at new 2Q high Core of region slower to recover

  2. Highlights • Region’s employment level regained losses by 2005 • Post-recession growth slightly lags U.S. average. Region up 2.1% from previous peak. • Region ranks mid-range among 25 largest metros)

  3. Regional net growth 2000-06: 12,500 jobs • Top gains: • Maple Grove +10,300 • Eagan +6,900 • Richfield +5,100 • Top losses: • Bloomington –16,000 • Minneapolis –11,900 • MSP Airport –9,400 • St. Paul –6,900

  4. Jobs becoming less concentrated. • 19 cities with 20,000+ jobs made up 70% of region’s total in 2006 • In 1990, same cities comprised 76% • Larger gains in developing suburbs, while recovery lags in region’s core.

  5. Implications for the future • Most employment in areas served by transportation network and sewer availability • Job concentrations persist over time. Still… • Land costs rise, employment tends to intensify (more per acre), but also tends to move out to lower cost worksites • Employers with greatest space needs move • Land supply and land use mix • More redevelopment as housing may force out jobs • Land use data informs forecasting but job density varies

  6. Demographic-Based Forecast Method 2030 resident labor force Less unemployed Plus multiple job holders Plus net in-commuting = 2030 regional employment

  7. Employment in theTwin Cities Region2000-2006 Todd Graham, Research todd.graham@metc.state.mn.us

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