Twin Cities near middle of new nationwide ranking on economic health

The Minneapolis-St. Paul market ranked 48th out of 102 metropolitan areas on the Business Journal's On Numbers Economic Index. Private-sector job growth, unemployment earnings and home values are among the factors considered in the 18-part formula. Oklahoma City topped the list.

Author:
BMTN Staff
Updated:
Mar 8, 2018
Original:
Sep 10, 2012

The Minneapolis-St. Paul market ranked 48th out of 102 metropolitan areas on the Business Journal's On Numbers Economic Index. Private-sector job growth, unemployment earnings and home values are among the factors considered in the 18-part formula. Oklahoma City topped the list.

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A mix of government agencies and private corporations calling themselves Greater MSP says they're aiming to get Minneapolis above the national average for job growth by creating 25,000 new jobs.

The metro area's population will grow by a third and the "gross metro product" will reach $400 billion during the next three decades, according to a report from the Metropolitan Council. "Our forecast finds that migration for economic reasons will be a strong factor in our expected population growth," says the council's chairwoman, Susan Haigh.

For the second year in a row, Minneapolis-St. Paul has retained its No. 1 ranking among 50 metro areas in the annual American Fitness Index ranking by the American College of Sports Medicine. The index considers many factors, from diabetes rates and farmers markets per capita to the percentage of people who have exercised in the last 30 days.

The Economic Policy Institute found the unemployment rate for African Americans in the metro is about 24 percent compared to six percent for Caucasians -- the biggest gap than any other metropolitan area in the United States.

Rankings were based on unemployment rates and antidepressant usage. The saddest city in America? St. Petersburg, Fla.

For the second consecutive year, the American College of Sports Medicine has ranked Minneapolis-St. Paul as "the healthiest, fittest metropolitan area in the United States." The rankings are determined by four factors: preventive health behaviors, levels of chronic disease, access to health care, and community resources and policies that support physical activity.

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The Twin Cities area has been ranked the best place for seniors to live, according to a new survey by Sperling's Best Places. The metro area took the top spot for its progressive medical insurance program and for proximity to the Mayo Clinic.

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