Minnesota employers may be finding fewer qualified applicants to fill their available job openings. The labor shortage isn’t because the state’s economy is suddenly booming again.
It’s because employers in neighboring North Dakota are dipping into the Minnesota talent pool.
North Dakota has the lowest unemployment rate in the nation. It’s just 3.3%.
Plus, due to growth in the oil, gas and coal industries, North Dakota needs about 17,000 new workers. The job candidates most in demand: engineers, electricians, information technology professionals and other workers with high-tech skills.
Even retail workers are heading to North Dakota, as the state is experiencing a big-box store-building binge.
The situation is so critical that North Dakota trade groups recently sent 40 employers to a job fair in Minneapolis.