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Agenda 9a. Attachment A <br />Which high-paying industries have potential for the most growth <br /> <br />Table one below shows employment projections for high-paying industries <br />Minneapolis/St. Paul metropolitan area. The table displays infor <br />projected to experience the most employment growth between 2010 <br />industries, eight are industries involved in the building trades <br />industry. <br /> <br />Table 1 . Employment Growth Projections 2010-2020 for Minneapoli <br /> % Change Employment Median <br />Change Yearly Income <br />Ambulatory Health Care Services 48.1% 2143 $51,792 <br />Building Foundation/Exterior Contractors 47.9% 2798 $51,428 <br />Management & Technical Consulting 47.3% 5683 $78,728 <br />Professional & Technical Services 46.8% 4239 $47,164 <br />Building Equipment Contractors 45.7% 6654 $62,660 <br />Outpatient Care Centers 44.7% 3028 $68,068 <br />Residential Building Construction 38.6% 1740 $53,040 <br />Wood Product Manufacturing 34.5% 1254 $47,008 <br />Specialty Trade Contractors 34.2% 1486 $52,468 <br />Durable Goods Wholesalers 31.6% 1141 $93,028 <br />Physicians 31.4% 8295 $44,980 <br />Building Finishing Contractors 29% 2030 $55,276 <br />Architectural & Structural Metals 26.3% 1082 $76,076 <br />Nonresidential Building Construction 26.1% 1798 $92,092 <br />Computer Systems Design and Services 21.3% 5386 $95,524 <br />Source: Minnesota Department of Employment and Economic Developm <br /> <br />How do these industries respond to recessionary impacts? <br /> <br />1 <br />A study conducted by the Bureau of Labor Statistics suggests that industries involved in the <br />production of consumer goods are most sensitive to changes in th <br />industries include wholesale and retail trade, production relate <br />manufacturing. Industries involved in the production of public g <br />education, insurance, and government related activities are leas <br /> <br /> <br />By looking at the available employment data in these industries <br />2008 to 2012, we can observe association between the unemploymen <br />employment in specific industries. The unemployment rate here is <br /> <br />1 <br /> Berman, Jay and Jane Pfleeger. <br />of Labor Statistics. 1994. http://www.bls.gov/mlr/1997/02/art2fu <br />5 <br /> <br /> <br />