Hennepin County

Business and Economy in Minneapolis, MN

Being a great place to live also means being a great place to work. A thriving economy helps the tax base (so there’s more money for city improvements) and helps a city attract and retain talent. The median household income in Minneapolis, MN, is $51,480, and check out the following articles to get an inside look at its key industries and job opportunities.

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    Submitted - Photo courteys of the Minneapolis Convention & Visitors Bureau

    Minneapolis, MN: Business Overview

    Minneapolis' well-rounded business climate is home to major industries and small businesses.

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    Photo courtesy of the Minneaopolis Convention & Visitors Bureau

    Minneapolis, MN: Top Employers

    Six Fortune 500 company headquarters lead the list

Employment Overview

While employment opportunities often play a big part in why people move, a city’s unemployment rate also is a major indicator of an economy’s overall health. Regardless of whether personal employment is a factor, lower unemployment rates often mean a region is better able to attract and retain skilled workers, new industries and retailers. The statistics, here, should provide valuable insight into the health and diversity of Minneapolis’s economy.

Employment Rate in Hennepin County, MN

  Employed 97.1%
  Unemployed 2.9%

Occupations in Minneapolis, MN

Employment in Minneapolis, MN

Employment Armed Forces 0%
Employment Civilian Labor Force 73.9%
Employment Not in Labor Force 26.1%
Employment Total in Labor Force 73.9%

Industry in Minneapolis, MN

Agriculture, Forestry, Fishing and Hunting and Mining 0.5%
Construction 2.8%
Manufacturing 8.5%
Wholesale Trade 2.1%
Retail Trade 10.4%
Transportation and Warehousing, and Utilities 3.3%
Information 2.4%
Finance and Insurance, and Real Estate and Rental and Leasing 7.9%
Professional, Scientific and Management and Administrative and Waste 15.3%
Educational Services and Health Care and Social Assistance 26.7%
Arts, Entertainment and recreation and Accommodation and food Services 12.8%
Other Services, Except Public Administration 4.6%
Public Administration 2.5%