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State labor force projected to grow 16 percent this decade

Extent: web page
Description: Download labor force projections files 2000 to 2030; link to report; brief summary of report
Date: February 25, 2003
Subject(s): Demography; Labor supply
Creator(s): Minnesota Planning (Agency).
Publisher: Minnesota Planning (Agency)
Contact: Susan Brower, 651-201-2472; State Demographer

Minnesota’s labor force is expected to grow at about the same rate this decade as in the 1990s, says a new report from the State Demographic Center at Minnesota Planning. But the report cautions that labor force gains after 2010 will depend increasingly on whether the state continues to attract new residents from other states and countries.

Under what the report, Minnesota Labor Force Projections: 2000 – 2030, describes as the “most likely” scenario, the labor force will continue to grow between now and 2030, though growth will taper off sharply after 2010. However, under alternative scenarios that assume there is no in-migration, the work force will peak about 2015 and then begin to decline as baby boomers retire in large numbers.

“We face a real challenge ten or fifteen years down the road,” said State Demographer Tom Gillaspy. “Even in the most optimistic projection, our labor force is going to get a lot older and grow a lot slower. Without in-migration, Minnesota will face problems meeting the demand for workers.”

As the population ages, the number of workers over 65 is projected to more than triple between 2000 and 2030. The number of added workers 65 and older will be about the same as the number of new workers age 16 to 44.

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