Minneapolis Ranks 2nd Nationally for Employee Compensation Growth

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JLL’s Chart of the Week:
Minneapolis Ranks 2nd Nationally for Employee Compensation GrowthMinneapolis Compensation Growth

Wage and benefit growth in Minneapolis-St. Paul was the second highest in the nation last year. The increase is 60 basis points greater than the national average and 50 basis points greater than Minneapolis-St. Paul’s 2014-2015 growth rate. The compensation increase aligns with the market’s fourth lowest unemployment rate, where y-o-y job growth is attributed to record breaking employment among professional and business services.

Source: Bureau of Labor Statistics, JLL Research

Click to download JLL’s Chart of the Week: January 2, 2016

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