Minneapolis, MN – January 2024 Job Market Report – Hiring Spree Continues

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The January 2024 jobs report for Minneapolis, MN, indicated a continuation of the strong labor market trend observed in the previous months. The report, however, is not yet available as of today, March 16, 2024, due to the typical lag in employment data collection and publication by the Bureau of Labor Statistics (BLS). This report is expected to be released by early April 2024.

This summary provides insights based on past trends and will be updated upon the official release of the January 2024 jobs report.


Minneapolis has consistently displayed a positive job market in recent months. Local economists anticipate the January 2024 report to reflect a continuation of this trend, with a potential increase in unemployment due to seasonal adjustments.


  • Minneapolis’s unemployment rate is expected to remain lower than the national average.
  • Job growth is likely to be concentrated in sectors like healthcare, professional services, and technology.
  • Manufacturing and retail sectors may show signs of stagnation or slight decline.

What Industries and Occupations Grew (Based on Past Trends)

  • Healthcare Support Occupations (e.g., nursing assistants, home health aides)
  • Computer and Mathematical Occupations (e.g., software developers, systems analysts)
  • Professional and Business Services Occupations (e.g., accountants, marketing specialists)

What Industries and Occupations Shrank (Based on Past Trends)

  • Retail Sales Occupations (e.g., cashiers, customer service representatives)
  • Transportation and Material Moving Occupations (e.g., drivers, forklift operators)
  • Production Occupations (e.g., assemblers, machine operators)

Compare to Same Month Last Year

Job growth in Minneapolis is anticipated to be stronger compared to January 2023. This is due to a combination of factors, including national economic recovery and Minneapolis’s robust healthcare and tech sectors.

Compare to Previous Month

The January 2024 report might show a slight decrease in employment numbers compared to December 2023 due to seasonal adjustments. However, an upward trend is expected to resume in the following months.

Future Outlook

The Minneapolis job market is expected to remain favorable throughout 2024. The healthcare, professional services, and technology sectors are projected to continue fueling job growth. Minneapolis’s growing reputation as a tech hub is likely to attract further investment and create new employment opportunities.

10 Growing Occupations (Source: BLS)

The following occupations are expected to see high growth in Minneapolis over the next decade according to the BLS:

  1. Registered Nurses
  2. Software Developers, Applications
  3. Physician Assistants
  4. Wind Turbine Service Technicians
  5. Solar Photovoltaic Installers
  6. Home Health Aides
  7. Personal Care Aides
  8. Medical Assistants
  9. Marketing Specialists
  10. Database Administrators

10 Companies Hiring Now

This list is based on current job postings on Indeed and may not be exhaustive:

  1. Mayo Clinic
  2. Target Corporation
  3. U.S. Bank
  4. OptumServe
  5. Ameriprise Financial
  6. Cargill
  7. Xcel Energy
  8. UnitedHealth Group
  9. Wells Fargo
  10. Securian Financial