Ericsson's labor force participation rate increased steadily from 1980 to 2000. Compared to the city, the proportion of neighborhood residents in the labor force (people who are already working or looking for a job in the civilian labor force, along with those in the armed forces) is slightly higher for all three census years. In 2000, nearly 80 percent of Ericsson's population over the age of 16 participated in the labor force. In Min neapolis, 72 percent of residents over the age of 16 participated in the labor force.
From 1980 to 2000, Ericsson had a lower unemployment rate than Minneapolis. In 2000, the neighborhood's unemployment rate dropped to 3.9 percent, putting it well below the citywide unemployment rate of 5.8 percent.
Last updated Sep 27, 2011