Economic Outlook in Minneapolis

The latest unemployment rate for the Minneapolis-St. Paul metropolitan area is a healthy 3.6, surprisingly low compared to the national average of 6.0. October employment was up 15,000 jobs since June. Most of this growth occurred in the services and government sectors which, along with manufacturing and wholesale/retail trade, accounted for 80% of the total employment in the area.

Combined, Minneapolis and St. Paul are the commercial, industrial, and transportation center of a rich and extensive agricultural region. It is headquarters of four of the world’s largest milling companies. The area’s diversified industries range from farm, electrical, and transportation machinery to chemicals, electronics, processed foods, and precision instruments. Recognized as one of the nation’s most livable urban environments, it is served by the Minneapolis-St. Paul International Airport, five railroads, and excellent road and water transport systems. State officials estimate that Minnesota employment is expected to expand 1.5% annually over the next five years.

Visit the website of our local Minneapolis apartment locating expert.

Links To Great Web Sites!
These United States - Resources and Related Information for Minnesota.
A to Z Home Buying and Selling Real Estate Guide - Vendema
Abacus Real Estate Foreclosures Guide