Southeast Minnesota Demographics and Economic Characteristics

Population Change 2000-2015 Table 1. Population Change 2000-2015 2015 Estimates 2000-2015 Change Number Percent Southeast Minnesota 460,102 501,850 41,748 +9.1% Dodge County 17,731 20,364 2,633 +14.8% Fillmore County 21,122 20,834 -288 -1.4% Freeborn County 32,584 30,613 -1,971 -6.0% Goodhue County 44,127 46,435 2,308 +5.2% Houston County 19,718 18,773 -945 -4.8% Mower County 38,603 39,116 +513 +1.3% Olmsted County 124,277 151,436 +27,159 +21.9% Rice County 56,665 65,400 +8,735 +15.4% Steele County 33,680 36,755 +3,075 Wabasha County 21,610 21,239 -371 -1.7% Winona County 49,985 50,884 +900 +1.8% State of Minnesota 4,919,479 5,489,594 +570,115 +11.6% Source: U.S. Census Bureau, Population Estimates

Population Change 1950-2015

Population by Age

Population by Age

Population Projections 2015-2035

Labor Force Participation

Job Trends 2005-2015

Annual Labor Force Estimates

Still With Me?!?!?! 

Unemployment Rates

Current Job Vacancies

Scary…Isn’t It?!?!?!

Low Wage Impact Cycle

Thoughts?

Source: www.economicmodeling.com Location Quotients “… a valuable way of quantifying how concentrated a particular industry, cluster, occupation, or demographic group is in a region as compared to the nation. It can reveal what makes a particular region “unique” in comparison to the national average.” Source: www.economicmodeling.com

Location Quotients Healthcare Practitioners and Technical – 1.8 Production – 1.6 Healthcare Support – 1.6 Farming, Fishing and Forestry – 1.5 Transportation and Material Moving – 1.2 Education, Training and Library – 1.1 Community and Social Service – 1.1 Protective Service – 1.1 Life, Physical and Social Science – 1.1

Employment and Wages

Projecting the Future

Thank You Mark Schultz Regional Labor Market Analyst Southeast and South Central Minnesota mark.Schultz@state.mn.us