The COVID-19 pandemic has created a paradox in Minnesota’s economy. While hundreds of thousands of Minnesotans are unemployed, there are thousands of businesses across the state who are struggling to hire. For example, we’ve lost 60,000 jobs in hospitality in the last year, but there are 120,000 job vacancies across the state in other fields like health care and manufacturing.
I’ve been saying this for years. The “paradox” isn’t one. The pandemic accelerated what was already happening. There is a shift in the skills needed for the future. Health care and information services are the two big winners.