City examines residents’ economic security to improve well-being
The City has held the second of its new results-oriented goal discussions – this time on economic security. Data around the unemployment rate, poverty rate and average monthly earnings was collected and analyzed. The items revealed through analysis and a roundtable discussion included:
- Poverty rates are increasing in Minneapolis, even though the unemployment rate is going down and average monthly earnings are going up.
- There is a high percentage of people out of the labor force and a disproportionate number of black residents and Hispanic women.
- Single female-headed households with children make up a disproportionate percentage of households experiencing poverty.
- A $100,000 wealth gap between white families and families of color. This gap illuminates differences in being able to weather an emergency, such as temporary unemployment, or take a risk, such as starting a new business.
Contributors to the economic security report included Community Planning and Economic Development and Regulatory Services. A follow-up conversation on economic security in July will center on jobs and education.
To read the report, sign up to receive notifications when future reports are posted or download a calendar of future roundtables, visit minneapolismn.gov/citygoalresults.
Learn more about Results Minneapolis
The City Goal Results Minneapolis program connects City work and community priorities to get a better understanding of what it’s like to live in Minneapolis and identify tools the City and its partners may have to improve conditions. The reports are based on the City’s community indicators. All indicators will be covered over the course of two years. The process blends a variety of data sources and analysis from City departments and community stakeholders.
Published Feb 9, 2016