Regional jobs at new 2Q high

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Employment in theTwin Cities Region2000-2006

• Regional jobs at new 2Q high
• Core of region slower to recover

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Highlights

• Regions 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)

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

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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

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Demographic-Based Forecast Method 2030 resident
labor force Less unemployed Plus multiple job
holders Plus net in-commuting
2030 regional employment
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Employment in theTwin Cities Region2000-2006

• Todd Graham, Research
• todd.graham_at_metc.state.mn.us