Kelly Infographic - Min - Kelly Services

EMPLOYMENT TRENDS

AUGUST 2019 U.S. AND MINNEAPOLIS

National Employment Trends

3.7% Unemployment Rate

130K +

Nonfarm

Workers

$28.11

Average Hourly Earnings for All Workers

Minneapolis Employment Trends

2.9% Unemployment Rate

4.0K -

Nonfarm

Workers

0.0%

Increase in Total Nonfarm Employment From August 2018

The U.S. and Minneapolis labor markets remained steady in August. Minneapolis' unemployment rate fell to 2.9% in August 2019 with each Metropolitan Statistical Area in Minnesota, except Minneapolis-St. Paul, experiencing yearover-year growth. The Minnesota unemployment rate dropped slightly to 3.3%, and the lack of available workers in the state continues to be a challenge for employers.

Unemployment Rates

6

U.S.

Minneapolis

5

4

3

2

1

0 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 JuL-19 Aug-19

The unemployment rate in Minneapolis was 2.9% in August 2019, down from 3.1% in July, while the U.S. unemployment rate was 3.7% in August, unchanged from the previous month.

Year-Over-Year % Change in Total Nonfarm Employment

2.5

U.S.

Minneapolis

2

1.5

1

.5

0

-.5 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 JuL-19 Aug-19

Total nonfarm employment in Minneapolis in August 2019 was changed by 0% from August 2018, and total nonfarm employment in the U.S. was up by 1.4% from the previous year.

Workforce Insights

Although more than 4,000 people have lost their jobs in Minnesota so far this year, there are currently two job openings for every one worker. In this current applicant's economy, employers are having more difficulty recruiting and retaining talent.

Across businesses and industries, finding skilled workers continues to be the number one challenge for employers in Minnesota. Companies can make themselves stand out to skilled workers with on-the-job training, tuition reimbursement and other helpful employee benefits.

Companies can better attract talent by fully understanding their brand and its mission. Increasingly, job seekers want to work for a company with a clear mission, so employers should be able to clearly articulate their brand story to potential employees.

For additional information, please contact:

Kirstyn Sansom, Regional Director and Community Ambassador, North Central Region kirstyn.sansom@ | 952-232-4877 | kellyservices.us/us/business_services

Connect with Kirstyn Sansom at:

Sources: Bureau of Labor Statistics, Minnesota Department of Employment and Economic Development, CBS Minnesota

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