Minnesota Morning: Recruiter Jobs, Foundry And Arthur Ventures Partner, Minnesota May Jobs Report And Flipgrid Acquired By Microsoft
I haven’t posted one of these in a while (and started writing this last Friday)… mostly because it seems so many things are moving so fast (not necessarily a good thing) I’m not keeping up. I have also noticed the number of updates on @MNHeadhunter and LinkedIn have declined. I’ll be working on that.
Maybe it’s also in part because we went from winter to summer in a few weeks and I have been doing my best to enjoy it. And the dock was finally installed last week so no longer shore fishing. I am hoping to find some bigger fish than the past couple of weeks. Some photos are below.
Minnesota Recruiter Jobs
I started Minnesota Headhunter in 2005 as a way to get things out of my head, share some news and create some conversations. Jan 1 0f 2008 I started posting Minnesota Recruiter Jobs as a way to better network the local recruiting community. Since then I have posted 1,271 recruiter jobs.
Over the years there are some trends I have noticed about the time of year when recruiter jobs are posted and then 6 months or so later there is an uptick in hiring. Also, when recruiter jobs lag then one sees a slow down in hiring. Of course at the beginning of every calendar year there is a spike. The past 2 years I have had 30 jobs posted around the New Year. That number has always dropped to the low 20’s by the end of Q1.
This year it happened again but this time… the numbers have continued to increase. I blew by the 40 number for the first time 6 weeks ago. Last week I went over the 50 mark and stayed above it this week.
While there have been a number of economic surveys predicting a slow down or recession in 2020 there is little sign of it right now in the Minneapolis and St Paul jobs scene.
Foundry and Arthur Ventures Partner
“We’re excited to have partnered with the Arthur Ventures team to get more exposure to companies outside Silicon Valley as we are big believers that incredible companies can be built anywhere.”
I am a big fan of Patrick Meenan and the team at Arthur Ventures and have been fortunate to work with a couple of their funded companies. They do a great job supporting their portfolio. Their partnering with Foundry is a big win for all.
Minnesota May Jobs Report
I have not mentioned a monthly jobs report in a long time. This one catches my eye for a couple of reasons… as we get closer (or are already at) to “full employment” I am wondering what types of jobs are being filled and at what compensation. And the second part is an obvious one… our job growth is lagging behind other states. But that makes sense. If other states have more people to enter the work force of course they will grow more jobs. I guess this is good and bad news… we have more jobs than people who can fill them.
To the report:
- + 2,700 Professional and business services
- + 2,200 Leisure and hospitality
- + 1,600 Construction
- + 1,500 Trade, transportation and utilities
- + 1,400 Manufacturing
- + 900 “Other” services
- + 300 Governments
- + 100 Information industry
- + 100 Logging and mining
- - 600 Education and Health Services
A couple of things to note…
The 10,200 jobs are a bit outside of the norm. It may be in part that the April number of -3,200 was also an anomaly. Maybe that freak April blizzard we had played a part in both numbers.
The Minnesota unemployment rate is 3.1% down from 3.2% in April ‘18 and 3.5% in May of ‘17.
See the official state announcement by clicking State Gains 10,200 Jobs in May
Flipgrid Acquired By Microsoft
News this morning that Minneapolis startup Flipgrid was acquired by Microsoft. Terms have not been made public. This made the local and national business and tech news:
- Microsoft snaps up Minneapolis tech startup Flipgrid – MSP Business Journal
- Microsoft acquires education start-up Flipgrid in latest challenge to Google – CNBC
- Microsoft acquires social learning platform Flipgrid – TechCrunch
- Microsoft extends education push with acquisition of Flipgrid, a student video discussion platform – The Verge
Flipgrid has been popular with teachers and classrooms and that the platform will continue and be free is a good thing.
Hopefully investors including Arthur Ventures, individuals and the University of Minnesota (where this spun out from) did OK.
Not much to say… I was catching a bunch of small walleye from shore until 3 weeks ago and not seen one since. the bass have been quiet too. The crappies are still in the area and the sunfish are plenty. Thankfully the dock was finally put in the lake last week. Even if the fishing is lousy it’s nice to be on the dock.
Here is my “big catch” last night:
But the view looks good and after a long winter… I gladly take it:
And my last decent fish caught on May 24th:
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