Last Updated Apr 23, 2010 4:13 PM EDT
Minneapolis is in the stretch of territory up the middle of the
country in which the housing bubble didn't reach catastrophic levels
and employment has fared better than in the rest of the country. Its economy is
as solidly practical as the Midwest, with everything from agricultural products
and discount retail to boat manufacturing and insurance.
Minneapolis is home to a number of major corporate headquarters.
Although Minneapolis lost jobs in 2008 (0.7 percent) and
again in 2009 (2.7 percent), the losses were mostly in manufacturing (down 7.5
percent) and in mining, logging and construction (down 15 percent). Much of the
rest of the job picture began turning around in 2009, with gains in business
and professional services, education and healthcare — even leisure
The city boasts one of the best-educated populations in the
country (47.2 percent have college degrees), and the Bureau of Labor Statistics
projects that over the next decade, more than a third of new jobs created will
require a post-secondary degree — a boon for the smarties in the Twin