Finance – MSP Sector Analysis 2017 Q3 – TC – February 2018
The metro is a national hub for finance, and it is in need of clear pathways to leadership roles. Sector employment rose an average of 2% annually over three years, compared to 1.5% nationally, with 211,742 employed in finance roles in Q3 of 2017. Sector unemployment remains low at 2.5%, or about 5,178 unemployed finance workers. The Finance and Insurance Industry is expected to grow at a rate of 0.6% annually over the next three years in the metro in the tight labor market, with expected excess in entry-level roles and severe gaps in managers and senior positions.