Minneapolis-St. Paul-Bloomington, MN-WI

Minneapolis-St Paul-Bloomington Metro Area industry wages have increased by 14.6% percent since 2001

2007-03-19T01:22:00.001-07:00

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Industry wages, from 2001 to 2006, have increased in the Minneapolis-St Paul-Bloomington Metro Area by a total of 14.6%. This is less than the growth in wages for the State of Minnesota and less than the growth in average wages for the US.

About: These facts are part of the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Minneapolis-St Paul-Bloomington Metro Area Industry Wages Exceed Minnesota, and Wages Exceed the United States Industry Wages

2007-02-27T22:25:00.001-08:00

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The average total wages in all industries in Minneapolis-St. Paul-Bloomington, MN-WI when analyzed can be described as very high when compared to other 2nd quarter of 2006 Metro Area wages throughout the nation. The average pay is 0.9 percent higher than the state, which was reported to be $40,849. The average industry wage was greater than the industry average in the US of $40,259.

About: These facts are part of the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Minneapolis-St Paul-Bloomington Five-Year Industry Employment Change

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Given the 21 industries with industry data reported by the BLS in each quarter, 7 showed an escalation in the number employed, while 14 industry sectors reported declines during the time period.

Total Five-Year Employment Growth in the Minneapolis-St Paul-Bloomington Metro Area

From the industries (4-digit NAICS) in the area, the Limited-service eating places industry has accounted the most employment growth with a total of 8,379 jobs added during the time period. These new jobs in the Limited-service eating places industry makes up 24.7 percent of the growth in Minneapolis-St Paul-Bloomington.

Top 5 Industries
1. Limited-service eating places (8,379 new jobs)
2. Full-service restaurants (6,475 new jobs)
3. Depository credit intermediation (5,210 new jobs)
4. Services to buildings and dwellings (1,984 new jobs)
5. Other professional and technical services (1,891 new jobs)

In the Minneapolis-St. Paul-Bloomington, MN-WI metro area, the entire sum of jobs in all of the industries has increased by 24,364 total jobs from 2001 to 2006.

Total Five-Year Employment Decline in the Minneapolis-St Paul-Bloomington Metro Area

Of the area's industries (4-digit NAICS), the Gasoline stations industry has lost the most employment with a total loss of 3,022 jobs. The declines in the Gasoline stations industry make up 28.7 percent of the total employment decline in Minneapolis-St. Paul-Bloomington, MN-WI.

Top 5 Industries
1. Gasoline stations (3,022 jobs lost)
2. Computer systems design and related services (2,770 jobs lost)
3. Accounting and bookkeeping services (1,811 jobs lost)
4. Building equipment contractors (1,763 jobs lost)
5. Automotive repair and maintenance (1,144 jobs lost)

The Minneapolis-St Paul-Bloomington Metro Area: Five-Year Percentage Decline in Employment

The Gasoline stations industry has lost the largest amount of employment in terms of percentage, losing 22.3 percent from 2001 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry has seen in the Minnesota, where the industry felt a loss of 18.9 percent. The losses in the Gasoline stations industry in Minneapolis-St Paul-Bloomington outpaced the US in terms of percent of decline of industry employment. The US lost 6.4 percent in terms of employment in the Gasoline stations industry.

Top 5 Industries
1. Gasoline stations (22.3 percent decline)
2. Accounting and bookkeeping services (14 percent decline)
3. Computer systems design and related services (11.3 percent decline)
4. Automotive repair and maintenance (10.2 percent decline)
5. Building equipment contractors (7.2 percent decline)

Total industry employment has increased by 1.6 percent from 2001 (2nd Quarter). These figures are less than percent in the State of Minnesota, which experienced a gain of 2.5 percent since the 2nd Quarter of 2001. The gains the area experienced were less than than the gain reported at the US level of 2.6 percent.

The Minneapolis-St Paul-Bloomington Metro Area: Five-Year Percentage Growth in Employment

The Other professional and technical services industry has gone through the largest job growth by percent, increasing by 33.4 percent from the 2001 (Q2) to the 2006 (Q2). This industry in Minneapolis-St Paul-Bloomington has added employment faster than the growth seen in the industry for Minnesota, where this industry saw a gain of 22.6 percent. The Other professional and technical services industry in Minneapolis-St Paul-Bloomington outpaced the national average, which felt a gained 14.4 percent of the employment in this industry.

Top 5 Industries
1. Other professional and technical services (33.4 percent gain)
2. Depository credit intermediation (24.5 percent gain)
3. Limited-service eating places (20.5 percent gain)
4. Management and technical consulting services (17.9 percent gain)
5. Activities related to real estate (17.6 percent gain)

Minneapolis-St Paul-Bloomington One-Year Industry Employment Change

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The Minneapolis-St Paul-Bloomington Metro Area: One-Year Percentage Decline in Employment

The Support activities for air transportation industry has seen the largest percentage drop in employment, losing 26.7 percent of the jobs from 2005 to 2006. These have declined faster than the industry has experienced in the State of Minnesota, where the industry felt a loss of 15.7 percent. The losses in the Support activities for air transportation industry in Minneapolis-St Paul-Bloomington outpaced the US in terms of percent of decline of industry employment. The US gained 5.3 percent in terms of employees in the Support activities for air transportation industry.

Top 5 Industries
1. Support activities for air transportation (26.7 percent decline)
2. Basic chemical manufacturing (20.9 percent decline)
3. Scheduled air transportation (20.2 percent decline)
4. Sound recording industries (18.2 percent decline)
5. Electronic equipment repair and maintenance (17.7 percent decline)

The total number of jobs has increased by 1.9 percent from 2005 (2nd Quarter). These figures are greater than growth in Minnesota, which experienced a gain of 1.9 percent from the 2nd Quarter of 2005. The gains the area experienced were less than than the gain felt at the national level of 2 percent.

The Minneapolis-St Paul-Bloomington Metro Area: One-Year Percentage Growth in Employment

The Unclassified industry has witnessed the largest percentage of employment expansion, increasing by 1300.0 percent from the 2005 (Q2) to the 2006 (Q2). This industry in Minneapolis-St Paul-Bloomington has added employment faster than the industry has grown in the State of Minnesota, where the industry took a gain of 1252.9 percent. The Unclassified industry in Minneapolis-St Paul-Bloomington outpaced the US in terms of percent growth of industry employment. During this period, the US gained 12.1 percent.

Top 5 Industries
1. Unclassified (1300.0 percent gain)
2. Educational support services (152.1 percent gain)
3. Outpatient care centers (67.2 percent gain)
4. Agents and managers for public figures (47.6 percent gain)
5. Interurban and rural bus transportation (42.7 percent gain)

Total One-Year Employment Growth in the Minneapolis-St Paul-Bloomington Metro Area

From the industries (4-digit NAICS) in the area, the Employment services industry has accounted the most employment growth with a total of 4,120 total jobs brought in during the period. The growth in the Employment services industry makes up 9.6 percent of the total employment growth in Minneapolis-St Paul-Bloomington.

Top 5 Industries
1. Employment services (4,120 new jobs)
2. General medical and surgical hospitals (3,966 new jobs)
3. Outpatient care centers (3,218 new jobs)
4. Limited-service eating places (1,819 new jobs)
5. Individual and family services (1,569 new jobs)

In the Minneapolis-St. Paul-Bloomington, MN-WI metro area, the entire sum of jobs in all of the industries has increased by 28,057 total jobs between the 2nd Quarter of 2005 and 2nd Quarter of 2006.

Out of the 207 4-digit NAICS industries, 90 showed an escalation in the number employed, while 117 industries reported employment loss in the period.

Total One-Year Employment Decline in the Minneapolis-St Paul-Bloomington Metro Area

Of the area's industries (4-digit NAICS), the Scheduled air transportation industry has lost the most employment with a total loss of 3,619 jobs in that time period. The declines in the Scheduled air transportation industry make up 18.0 percent of the jobs lost during the period in Minneapolis-St. Paul-Bloomington, MN-WI.

Top 5 Industries
1. Scheduled air transportation (3,619 jobs lost)
2. Building equipment contractors (1,347 jobs lost)
3. Drinking places, alcoholic beverages (680 jobs lost)
4. Data processing and related services (674 jobs lost)
5. Building finishing contractors (673 jobs lost)

About: This report is part 1 of 6 in the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Income and Poverty in Minneapolis-St. Paul-Bloomington, MN-WI

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The median household income in the area has declined from the 2000 values (inflation adjusted). The median income has decreased to $59,691, posting a 6.1 percent decline. The Minneapolis-St. Paul-Bloomington, MN-WI MSA, when analyzing percentage of decline, ranks 2 of 7 metro area in percent of decline for household income in Minnesota. Minneapolis-St Paul-Bloomington ranks 159 of 233 metro area when analyzing the decline in median household income in the United States.

Contrasted against to other Metropolitan Areas throughout the US, the Minneapolis-St Paul-Bloomington metro area may be understood as having a very low rate of poverty among its population, accounting a rate of 6.7 percent of the individuals existing in families with incomes under the poverty level in 1999. The Black or African American race/ethnicity demographic group, represents the largest rate of poverty with 26.2 percent of the 2000 population living in poverty. People that are of the age 5 years have the most percent of people living in poverty in Minneapolis-St Paul-Bloomington, reporting 9 percent of this age group in the area living in poverty.

Compared to Metro Areas across the United States, the Minneapolis-St Paul-Bloomington metro area had a very high household income of $63,536 (Adjusted to 2005 Dollars). This is 13.2 percent higher than the median in State of Minnesota of $55,120 and the income level is 22.7 percent higher than the median for the rest of the nation, which is a reported $49,133.

In Minneapolis-St. Paul-Bloomington, MN-WI White headed households reported a median household income (2005 Dollars) of $66,105 according to the 2000 Dencennial Census, which was 4 percent greater than the median household income in 2000. Black or African American headed households had a median household income that was 45.8 percent less than the overall reported level in 2000, with a reported median of $34,418. Hispanic in Minneapolis-St. Paul-Bloomington, MN-WI , according to the 2000 census, had a median household income of $45,981, this median is 27.6 percent less than reported value of the areas total household median income for all households. It was reported in 2000 that the Asian headed households had median household incomes of $55,360. This household income level is 12.9 percent less than the all households reported median in the area. The households that were headed by an American Indian and Alaska Native individual in Minneapolis-St Paul-Bloomington reported a median household income of $39,989, this was 37.1 percent less than the median income level in this area.

As the median income level saw a decline from 2000 to 2005 in the Minneapolis-St. Paul-Bloomington, MN-WI metro area, the Race/Ethnicity category that felt the biggest decline in median household income was the Hispanic category. This category saw a decline of 42.9 percent in the last five years. The American Indian and Alaska Native Race/Ethnicity category has been least effected by the income level decline in Minneapolis-St Paul-Bloomington, undergoing a 40.5 percent increase in median income, since the values reporting the 2000 Decennial Census.

The poverty rate in the Minneapolis-St. Paul-Bloomington, MN-WI Metro has increased by 1.6 percent from the levels reported in the Decennial Census of 2000, moving from 6.7 percent to 8.3 percent.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.

Higher Education in the Minneapolis-St. Paul-Bloomington, MN-WI Metro Area

2006-12-19T20:59:00.000-08:00

Reported by the 2005 American Community Survey in the Minneapolis-St. Paul-Bloomington, MN-WI Metro Area, many men in the area have reached the Bachelors Degree or Higher category, with 39 percent reaching this education level. The female population in the Minneapolis-St Paul-Bloomington metro area on average have achieved a lower level of higher education (Bachelors or Higher) than men; 39 percent (Men) versus 35 percent (Women). The most common level of education for women in the area is Bachelors Degree or Higher category, with 35 percent of women in the area reaching this education level.

Minneapolis-St. Paul-Bloomington, MN-WI Metro Area is made up of a highly-educated population, with 37 percent of the population over 25 years old having received at least a Bachelors Degree, according to the American Community Survey of 2005. The Minneapolis-St Paul-Bloomington MSA was reported to have a higher percent of population with high education level than the State of Minnesota's proportion of 30.8 percent and a higher percent than United States proportion of 27.2 percent.

Since 2000, the Minneapolis-St Paul-Bloomington metro area has increased in the percent of the total population (+25) with a BA or Higher. The portion of this population has grown by 3.8 percent to a total of 37 percent in 2005, according to the American Community Survey. The 2005 proportion of highly educated population is greater than the State of Minnesota percent of 30.8 and greater than the US percent of 27.2.

From 2000 to 2005, the percent of the male population that can be considered highly educated has increased by 4.0 percent. By the year 2005, 39 percent of the total male population, in the area, has obtained at least a Bachelors Degree. From 2000 to 2005, the percent of women with a Bachelors or Higher has increased by a total of 3.4 percent. By the year 2005, a total of 35 percent of the women in the population had received a Bachelors Degree or Higher.

In the Minneapolis-St. Paul-Bloomington, MN-WI Metro Area according to the American Community Survey of 2005, 38.4 percent of the White Alone, 21.2 percent of Black or African American, 39.6 percent of the Asian alone and 14.6 percent of the Hispanic or Latino (+25) population has achieved at least a Bachelors Degree.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.

Demographic Profile for Minneapolis-St. Paul-Bloomington, MN-WI

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In terms of total land area, Minneapolis-St Paul-Bloomington spans a total area of 6063 square miles. The MSA has a high average population density of 518 persons per square mile. Other metro areas with similar densities in the US include: -- more densely populated -- Palm Bay-Melbourne-Titusville (522 per sq. mile ), Allentown-Bethlehem-Easton (542 per sq. mile ), Seattle-Tacoma-Bellevue (543 per sq. mile ), -- less densely populated -- Worcester (518 per sq. mile ), Lancaster (517 per sq. mile ), Sarasota-Bradenton-Venice (513 per sq. mile ).

The population division of the Census Bureau estimates in 2005 a median age in Minneapolis-St. Paul-Bloomington, MN-WI to be 35.8 years of age. The median age in Minneapolis-St Paul-Bloomington is less than the median age in the State of Minnesota of 36.7. From 2000, the area has seen an increase in this median, when at that time it was 34.2 years old. With 1.3 percent of the 2005 population being made up of children and youth younger than 18, Minneapolis-St Paul-Bloomington can be described as having a medium-low proportion of youths. The 18 to 64 years old population group has a relatively high presence of the 2005 population base, with 65.8 percent of the population within the age category. People 65 years old and older make up 11.3 percent of the total population in the area. Compared to other metro areas in the US, this represents a medium-low percent of the population base.

Since the year 2000, a high amount of people have migrated to Minneapolis-St Paul-Bloomington, with 58,143 people migrating in internationally. The international migration into Minneapolis-St Paul-Bloomington totals 82.1 percent of all immigration into Minnesota. This amount of international migration is high when analyzed against the base population in the year 2005 and compared to other metro areas across the US.

Minneapolis-St. Paul-Bloomington, MN-WI has a population base that is comprised of 82.3 percent White, 6.1 percent African American, 4.8 percent Asian, and 4.2 percent Hispanic. The population mix can be considered to have a high amount of racial and ethnic diversity, with 15.1 percent of the population made up of minorities. This is greater than the State of Minnesota percent of 11.2. Since 2000, Minneapolis-St Paul-Bloomington has increased the percent of minority makeup when 13.0 percent of the people were minorities.

Minneapolis-St. Paul-Bloomington, MN-WI had an estimated population of 3,142,779 in 2005. The estimated population has increased sharply, since its 2000 population of 2,981,129. This growth shows an increase of 5.4 percent. Minneapolis-St Paul-Bloomington ranks 1 of 4 MSAs in terms of population growth in Minnesota and the metro area ranks 19 of 361 metro areas by growth in MSA population in the United States.

Datasource: Population Estimates Program, U.S. Bureau of the Census.

Housing Report for Minneapolis-St Paul-Bloomington

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In the State of Minnesota, Minneapolis-St Paul-Bloomington places 3 of the 4 metro areas by percent in growth of new residential structures. The metropolitan area places 105 of 361, comparing the percentage change in residential real estate in other US MSAs.

Minneapolis-St Paul-Bloomington can be understood as having a relatively high percentage of homes that are high in price. For 2005, the American Community Survey reports that 8.4 percent of the houses were valued over a half a million dollars.

In Minneapolis-St Paul-Bloomington, the U.S. Census Bureau, Population Division accounted for a total of 1,291,052 housing units in the year 2005. This represents a medium-high growth level in the number housing units, adding all together 95,535 homes since 2001, or 8 percent.

There is a limited amount of housing that is affordable in Minneapolis-St Paul-Bloomington, Minnesota. In 2005, only 6.9 percent of residential real estate was valued under $125,000.

The residential real estate values in Minneapolis-St Paul-Bloomington, Minnesota have seen large increases since the Census values accounted for in the year 2000. The values have increased by $94,700, or 67.1 percent, from their 2000 median values of $141,200.

Minneapolis-St Paul-Bloomington recorded median owner-occupied home value in the year 2005 of $235,900, published by the American Community Survey. This value is greater than the overall State of Minnesota 2005 home value of $198,800 and greater than median home value of $167,500 across the United States during the same year.

Data Source: U.S. Census Bureau

Employment Report for Minneapolis, Minnesota -- Annual 2005 Industry Summary

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In Minneapolis, Finance and insurance, Wholesale trade and Arts, entertainment, and recreation have the highest US LQ in 2005. The Finance and insurance industry has an LQ of 1.37. The percent of employment in the Finance and insurance sector is 1.37 times greater than the US average, showing signs that Minneapolis may specialize, or be an exporter of Finance and insurance.

An industry with high wages in Minneapolis is the finance and insurance sector with an annual pay of $73,290. Locally, since the year 2001, the annual average pay of the industry has grown by 11.7 percent or $7,661. The State of Minnesota has the same job market in the finance and insurance industry, ranking at the top of industries in term of the average annual pay of 2004.

Accommodation and food services saw the biggest increase in jobs since the year 2001 in Minneapolis, changing a total of 8 percent. This is greater than the industry employment change in the United States of 7.6 percent. The State of Minnesota encountered a change in industry employment of 6.8 percent, since the year 2001.

The Minneapolis-St Paul-Bloomington Metropolitan Area is ranked at 13 of 363 throughout the US according to the relatively size of the employment base in the year 2005. This ranking has slipped behind from the year 2001, at which time the Metropolitan Area was ranked 12 of 363 Counties.

In Minneapolis, Manufacturing, Health care and social assistance, and the Retail Trade sectors, in terms of total employment, are the largest. Manufacturing provides the most jobs and contributes 13.7 percent of the total MSA employment. This totals 204,994 people employed. The Health care and social assistance and Retail Trade industries total 12.7 and 12.5 percent of the total jobs, respectively.

Utilities has the largest businesses in Minneapolis Metro Area. The industry averages 63 workers per each place of employment, being greater than the industry's national average of 34 and greater than the Minnesota establishments size average of 36 for the Utilities industry.

Manufacturing since the year 2001 was faced with the largest loss in employment in the Minneapolis MSA. The sector faced a loss of 20,870 jobs during the period, or 9.2 percent of jobs in the industry. The losses in this industry made up 62.5 percent of the total jobs loss in the Metro Area.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).