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Understanding Minnesota’s Regional Economy

Understanding Minnesota’s Regional Economy. To Hear the Webinar: Call (646) 307-1720 ; Access Code: 921-652-630. Presenter: Cameron Macht , DEED Host: Denise Felder, iSeek Solutions. How to Ask Questions. Mute your phone “Raise your hand” Type in “Question”

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Understanding Minnesota’s Regional Economy

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  1. Understanding Minnesota’s Regional Economy To Hear the Webinar: Call (646) 307-1720; Access Code: 921-652-630 Presenter: Cameron Macht, DEED Host: Denise Felder, iSeek Solutions

  2. How to Ask Questions • Mute your phone • “Raise your hand” • Type in “Question” • Use phone to ask questions/discuss • “Chat” to talk to Organizer only To Hear the Webinar: (646) 307-1720Access Code: 921-652-630(long distances fees may apply)

  3. Understanding the Regional EconomyiSeek Solutions Monthly WebinarFebruary 13, 2013 Cameron Macht Regional Labor Market Analyst 320-441-6567 cameron.macht@state.mn.us www.positivelyminnesota.com To Hear the Webinar: Call (646) 307-1720; Access Code: 921-652-630

  4. To Hear the Webinar: Call (646) 307-1720; Access Code: 921-652-630

  5. Over-the-year regional trends • None of theregions areback to break-even (fromQ2 2007) yet • Southeast (99%)is closest, all arenow above 97% Source: MN Dept of Employment & Economic Development

  6. Regional Unemployment Rates Source: MN Dept of Employment & Economic Development

  7. DEED Regional Data ToolISEEK’s Regional Websites

  8. ISEEK Regional Websites • Current & Future Hot Jobs • Local Industries • Education Options • Job Search www.iseek.org/jobs/regional.html

  9. Regional Labor Market Data Tool • The regional data tool brings together labor market and relevant demographic data on each county and region in Minnesota in to one easy-to-use website. • View and download regional data, charts and graphs. www.PositivelyMinnesota.com/RD

  10. Regional labor market data tool

  11. Regional Employment Projections

  12. Forecasting Future Job Trends • Minnesota’s economy will grow by 13%, or 368,000 new jobs, between 2010 and 2020. • Over 663,000 new workers will be needed to take jobs left vacant through retirements and replacements. • Employment changes depend on the demand for goods and services, productivity advances, technological innovations, and shifts in business practices. www.PositivelyMinnesota.com/EO Source: MN Dept of Employment & Economic Development

  13. Health care will add the most new jobs in Minnesota between 2010 and 2020 Source: MN Dept of Employment & Economic Development

  14. Health services will continue to lead job growth in Northeast MN

  15. Half of new jobs in Northwest MN will be in education and health services sector

  16. Fastest job growth expected in Central Minnesota

  17. Education and health care will dominate Southeast MN job growth

  18. Southwest MN projected to have slowest regional job growth

  19. Construction and manufacturing job growth to remain below pre-recessionary levels in the Twin Cities

  20. Replacement openings to exceed new job growth in all regions of MN

  21. Occupational details are important when choosing a future career

  22. Questions? Contact Us: • Cameron.Macht@state.mn.us • Denise.Felder@ISEEK.org

  23. Regional LMI Websites ISEEK Regional Websites: www.iseek.org/jobs/regional.html DEED Regional Labor Market Tool: www.PositivelyMinnesota.com/RD DEED Employment Outlook: www.PositivelyMinnesota.com/EO

  24. iSeek Solutions Monthly Webinars • Discussion: Wednesday, Feb 27, 2013Career Resources for People with Multiple Barriers • Training: Wednesday, March 13, 2013 • Training: Wednesday, April 10, 2013 • Discussion: Wednesday, April 24, 2013Family Involvement in Career Exploration for Youth www.iseek.org/info/outreach_webinar.html www.iseek.org/guide/counselors/ipcschedule.html

  25. Connect with Us • DEED Facebook: www.facebook.com/positivelymn • ISEEK Facebook: www.facebook.com/ISEEK.org • LinkedIn: MinnesotaWorks.net • LinkedIn: iSeek Solutions Professional Community • DEED Twitter: @positivelymn • ISEEK Twitter: @iseekmn • ISEEK Quarterly E-newsletter: www.iseek.org/news/newsletter.html • ISEEK Customer Service: http://iseek.custhelp.com/app/ask

  26. www.iseek.org/news/newsletter.html

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