New DEED Research Reveals Most Minnesota Workers who Recently Switched Employers Saw Real Wage Gains
Thursday, September 22, 2022
St. Paul – New research from the Labor Market Information (LMI) Office at the Minnesota Department of Employment and Economic Development (DEED) takes a closer look at job mobility patterns of workers in the state, with a focus on wage impacts. This research helps economists, employers and others understand worker mobility in the context of inflation that is outpacing average wage growth and high rates of workers choosing to leave or change employers during this tight labor market.
Senior Labor Market Research Analyst Alessia Leibert utilized Unemployment Insurance Wage Records and other sources to conduct the research for her article Job Mobility in the Post-COVID Recession Labor Market, which is featured in this quarter's Minnesota Economic Trends. Leibert has been asked by leaders at the U.S. Department of Labor and U.S. Bureau of Labor Statistics to present on her findings, which could help economists better understand today's unprecedented labor market conditions. The research could also help employers combat high turnover that lowers productivity and increases costs.