Our Economic Literacy research and analysis shows the condition of Minnesota's labor market from the perspective of the workforce. How many jobs are there in your region of Minnesota? How many jobseekers are competing for those jobs? What resources are available to you as you search for work? How much money do you need to earn to support yourself and your family? How many jobs in your region pay a family-supporting wage?
Our research also helps economic development planners predict whether wages are sufficient to generate consumer buying power to keep Minnesota's consumer economy growing. To sustain equilibrium output in Minnesota's economy, the flow of income created by the production of product or service output must generate total spending sufficient to clear the market of that product or service output. Otherwise, aggregate demand will decrease, and aggregate supply will decrease in turn, resulting in a slowdown of growth in the state economy.
These basic economic facts require that Minnesota must determine and track a baseline income necessary to generate market-clearing aggregate demand. JOBS NOW's Cost of Living in Minnesota research reveals exactly this baseline income.
Use JOBS NOW's innovative Family Wage & Budget Calculator to find out how much a family must earn to meet basic needs. Also browse the Cost of Living in Minnesota report and regional fact sheets on the cost-of-living and the share of jobs which pay a family supporting wage.
Find statewide and regional fact sheets for all 13 Minnesota economic regions showing the number of job openings and jobseekers and comparing the median wage for openings to the family-supporting wage.
Working people throughout Minnesota are experiencing a decade-long job loss crisis. A net loss in jobs during the decade 2001 through 2010 means hard times for the state's working families and for the economy as a whole.
Minnesota employers are not creating as many jobs as our colleges and universities are creating educated job seekers.
Certain demographic groups in Minnesota have suffered inordinate job loss or wage loss. These include women, people of color, and people with low to moderate income. There is a pattern of disparity by gender, ethnicity, and by accumulated wealth.
The Job Market Failure Index tracks the unemployment rate and the share of jobs paying less than a family-supporting wage in one easy-to-grasp number, providing a snapshot of how the Minnesota job market is performing.
Calculate your Wage & Budget.