Minnesota manufacturing rebound
Add Axios as your preferred source to
see more of our stories on Google.
Minnesota has slightly more manufacturing jobs than it did before the pandemic.
Why it matters: This is the first time since the 1970s that the manufacturing industry has recovered all the jobs lost during a recession, per an analysis of government data out Tuesday from the Economic Innovation Group, a centrist think tank.
Zoom in: Minnesota's manufacturing employment was 324,018 in 2019 and by 2023 had recovered to 325,878, according to U.S. Bureau of Labor Statistics data.
- That 0.6% gain is about on par with the overall U.S. during the same period.
The latest: Niron Magnetics this week celebrated the opening of a new Northeast Minneapolis plant, where it's making "Clean Earth Magnets" developed from iron and nitrogen, according to MPR News.
- It's also planning a 175-employee plant in Sartell, the company told Axios.
The big picture: The U.S. manufacturing recovery has been uneven and fairly concentrated, with five states accounting for two-thirds of the sector's growth.
- Manufacturing jobs are still disappearing in the Rust Belt, including in battleground states like Pennsylvania, Michigan and Wisconsin.