Job Market Booming on Iron Range
Unemployment Rate Could Go Up in Winter
VIRGINIA, Minn.-Unemployment rates on the Iron Range have reached their lowest level since the millennium, reaching four percent in September.
This comes on the heels of the mining industry gaining strength while also getting solid performances out of seasonal construction and tourism jobs.
Local labor experts tell us the trend is expected to continue on.
“It’s kind of expected for this tight labor market to continue, especially as the baby boomers begin to retire in the region,” said Erik White, a northeastern Minnesota labor market analyst.
The unemployment rate is expected to tick upward during the winter season, and companies are having trouble expanding because a lack of a workforce.