The Twin Cities job market entered 2025 on uneven footing, coming off the first year of employment contraction since 2020, weighed down by sustained heavy office-using job losses. According to the latest Bureau of Labor Statistics data, total nonfarm payrolls decreased by 4,900 jobs in 2024. That is a notable slowdown from the 24,200 jobs added in 2023 and the metropolitan area's five-year pre-pandemic average annual growth of 25,000 jobs.
Minneapolis job market falters in 2024
Non-cyclical sectors grow while historic office-using job losses headline payroll contraction
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