11/15/2024 8:30:00 AM
How likely is your career field to be impacted by Artificial Intelligence (AI)? Should you expect AI to change your job significantly? What should business owners and other employers know about their industry's exposure to AI? While no one knows exactly how AI will impact workers and businesses over the coming years one thing is clear: almost all of us will experience some work-related changes due to this rapidly advancing technology.
AI exposure in Minnesota's economy is just one of the topics explored in the new edition of Minnesota Economic Trends. Every quarter, the Labor Market Information (LMI) Office of the Minnesota Department of Employment and Economic Development (DEED) publishes research articles that offer insights into important labor market trends. Select the article titles below to open the article and find out more.
DEED's Labor Market Information Office issues long-term employment projections for Minnesota every two years. These projections take into account multiple factors, from projected demand shifts to changes in labor force availability due to an aging population to impacts of government investments and technologies like AI. Considering all of these factors, and others, analysts project slower yet continued employment growth in Minnesota over the coming decade.
This article, the second in a series, helps define green jobs by both industry and occupation. This information is helpful for policymakers, educators and others who are focused on meeting workforce needs as our state, the nation and the world continue the transition to clean energy and work toward a greener economy over the coming years.
This article uses graphs to illustrate changes in employment and earnings over time in Minnesota industries. These illustrations provide a visual representation of how different industries are impacted by recessions, highlight the unique labor market dynamics of the Pandemic Recession and recovery, and help differentiate between cyclical impacts and longer-term industry evolution.
Artificial Intelligence (AI) is a powerful tool that is revolutionizing how work gets done, which creates concern about its impact on jobs and the people who hold them. That's why it's important to understand the exposure of Minnesota occupations and industries to AI to plan for strategic workforce development, economic planning and policy interventions, and prepare for future impacts of AI on jobs and our workforce.
You can access an archive of past Minnesota Economic Trends articles going back to 1993 on the DEED website. DEED's LMI Office also publishes the monthly Minnesota Employment Review, as well as monthly regional labor market information blog posts.
Trends
labor market information
artificial intelligence