As of August 2023, Minneapolis demonstrates a dynamic employment landscape characterized by considerable growth in certain sectors and contractions in others. The Leisure and Hospitality sector led the way, adding 15,200 jobs, marking an impressive 8.1% year-over-year growth. Similarly, Education and Health Services also saw significant expansion, contributing 14,500 jobs, a 4.2% increase. Government roles expanded as well, with 6,300 new positions, constituting a 2.8% growth. On the flip side, sectors such as Financial Activities and Professional and Business Services recorded contractions of -2.3% and -1.2%, respectively. Overall, Minneapolis added 35,400 jobs annually, achieving an employment growth rate of 1.8%. Notably, the unemployment rate stands at 3.2%, which is lower than the national average of 3.8%, suggesting a relatively healthy job market.