Healthcare – MSP Sector Analysis 2019 Q2 – TC

January 2020

With about 218,338 people across the metro employed in healthcare occupations, this sector remains one of the most important to the region for economic and community health. The metro expects to see a shortage of up to 36,000 (matching employer demand) healthcare professionals by the second quarter of 2024. This quarter, there were 53,817 healthcare positions advertised online in the region, representing a 70% increase from the second quarter of 2018. Unemployment remains low at 2% and lower for critical occupations, as low as 0.8% for the region’s (and the state’s) number one occupation in shortage: Registered Nurses.

Healthcare – MSP Sector Analysis 2017 Q4 – TC – April 2018

December 2017

Alarms continue to ring out for the 7-county Minneapolis-Saint Paul metro area’s healthcare sector, poised to see a shortage of over 4,000 healthcare professionals by 2020 if the market continues to be constrained by the labor shortage, or an estimated 8,500 shortfall by 2020 in an unconstrained, growing economy matching historic trends. Unemployment continues to be highest among entry-level workers in assistant, aide, and direct support roles that require a certificate, high school diploma, or less. Demand for registered and licensed nurses, technicians, and technologists is high and expected to climb.

 

Healthcare – MSP Sector Analysis 2017 Q3 – TC – December 2017

December 2017

Alarms are sounding for the 7-county Minneapolis-Saint Paul metro area’s healthcare sector, poised to see a shortage of over 4,000 healthcare professionals by 2020 if the market continues to be constrained by the labor shortage, or an estimated 8,500 shortfall by 2020 in an unconstrained, growing economy matching historic trends. Unemployment is highest among metro healthcare workers with an Associate degree or less. The metro region has nearly double the concentration of many low education, low experience positions compared to the nation.