The largest economic growth hurdle for the next ten years will be availability of workforce. Historically, Minnesota has had one of the highest labor force participation rates in the country.
To capitalize on this, the size of the population needs to continue to grow.
Population growth is impacted by Vital Events (births and deaths) and Net Migration (international and domestic).
In comparing Minnesota to other Upper Midwest states (Illinois, Iowa, Michigan, North Dakota, South Dakota, and Wisconsin), the North Star State is leading the pack according to the most recent census figures. Since 2010, Minnesota’s population has grown by over 307,000. The next closest state is Wisconsin at 126,000. More recently, over the last recorded year (2017 to 2018), Minnesota has grown by 43,000. A majority of the growth (60%) has been Natural Increase from births.
The 40% population growth from migration paints a strong picture of economic vitality. Minnesota grew by 17,487 people through migration (10,718 International, 6,769 Domestic). Only one other state in the Upper Midwest could claim positive domestic population growth (South Dakota).
|Net Migration (2017-2018)|
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