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Sustained nation-leading, office-using job losses in Minneapolis underpins slowing labor market

As office demand reconnects to jobs, slow-growth forecast weighs on outlook
By Brian Anderson
CoStar Analytics
September 26, 2024 | 7:03 P.M.

According to the most recent data from the Bureau of Labor Statistics, nonfarm employers in the Twin Cities added just 400 jobs in August. That is less than a fraction of the 2,460 average monthly employment gains registered in August from 2015 to 2019, bringing cumulative trailing three-month nonfarm payroll losses to 12,000 jobs, or 0.6%.

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