DEED report shows 318 occupations in demand
By Charles Hallman
A recent Minnesota Department of Employment and Economic Development (DEED) survey found that job vacancies in Minnesota have risen 18 percent over a year ago, the highest in seven years. DEED Assistant Labor Market Information Director Oriane Casale, in an interview with the MSR last week, said,
“I think…the most interesting thing…was the ratio between the number of job seekers and the number of job vacancies,” pointing to the findings that noted there were 2.6 unemployed people for each job vacancy, compared to 3.2 unemployed persons per vacancy a year ago. “It had been up to over eight people per vacancy during the recession.”
The DEED Job Vacancies Survey, which was released in February, is used to show hiring demand by employers as well as a leading indicator of economic activity, and is conducted twice annually. Healthcare and social assistance (20.1 percent) had the most job vacancies, followed by retail trade (14 percent), accommodation and food services (11.5 percent), manufacturing (9.2 percent) and finance and insurance (7.6 percent).
Furthermore, the survey noted that the most job vacancies (62 percent) were reported by middle-sized firms (10 to 249 employees), followed by large firms (23.6 percent). Continue Reading →