Employment in the Twin Cities Region 2000-2006 Regional jobs at new 2Q high Core of region slower to recover

Highlights Region’s 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)

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

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

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

Demographic-Based Forecast Method 2030 resident labor force Less unemployed Plus multiple job holders Plus net in-commuting = 2030 regional employment

Employment in the Twin Cities Region 2000-2006 Todd Graham, Research todd.graham@metc.state.mn.us