Jobs bonanza for Twin Cities as US Bank reveals 3,000 new roles - Bring Me The News

Jobs bonanza for Twin Cities as US Bank reveals 3,000 new roles

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The Twin Cities is likely to benefit the most from US Bank plans to increase staffing levels by 3,000 in 2015.

The Minneapolis-based bank has revealed it will be adding another 3,000 new roles to the 1,500 jobs it was creating in 2014, with CEO Richard Davis revealing the hiring spree to Bloomberg Television on Friday.

Although no details of where the jobs will be based have been released yet, the bank has said many of the new roles will be in its auditing and compliance departments, which are based in the Twin Cities, according to MPR.

"I don't bring people on until I'm sure I can keep them all," Davis told Bloomberg. "We haven't really had any layoffs of any size through the downturn. We only bring people on when there is a sustainable and consistent job and role for them."

The Star Tribune reports that the hiring program is a result of the bank, the country's ninth largest, having to respond to new financial regulations.

What's more, it will be looking to take on more people from diverse backgrounds, with the newspaper noting that there will be a "special effort" to hire veterans and the long-term unemployed.

It is more good news for Minnesota's jobs market, and follows figures for October showing that unemployment had fallen to its lowest level since October 2006.

Minnesota's employment department said that the seasonally-adjusted unemployment rate was 3.9 percent last month, compared to the national rate of 5.8 percent.

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