1. Laura Kalambokidis Schools for Equity in Education April 24, 2015 Minneapolis, MN Preparing for Minnesota’s Changing Economy MINNESOTA MANAGEMENT & BUDGET MMB.STATE.MN.US

2. Percent of Total Non-Farm Employment by Sector (2013) Minnesota’s diverse industry profile mirrors U.S. Source: MN Department of Employment and Economic Development (DEED) 2

3. Minnesota’s economic expansion continues Source: Minnesota Department of Employment and Economic Development (DEED)

4. Regional center unemployment rates falling 4

5. Minnesota’s low unemployment neighborhood Source: U.S. Bureau of Labor Statistics 2.9 3.4 3.7 2.7 4.1 State unemployment rates Seasonally adjusted, February 2015 5 th lowest among U.S. states (February 2015)

6. Some groups still face high unemployment 11.4% 7.2% 3.4% 12.4 5.1 3.1

7. Many part-time workers want full time work Officially unemployed Officially unemployed + marginally attached + discouraged + part-time under-employed

8. Leadership choices will affect future economic performance Productivity matters – Worker health – Education – Research, innovation – Infrastructure Leave no worker behind Leave no entrepreneur behind