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All-Time Employment High
Mankato, MINN (November 16, 2017) – The Minnesota Department of Employment and Economic Development released the October 2017 employment figures today. The Mankato – North Mankato Metropolitan Statistical Area (MSA) saw a gain of 960 jobs or 1.6% year over year in the month of October. Total employment sits at an all-time high for the region at 59,922.
The growth in manufacturing continues and is now even bucking seasonal trends. It grew by 3.9% (360 jobs) year over year, which is the largest increase since September 2013. In fact, over the last seven years, manufacturing has only seen this level of increase from September to October in one previous year (2012).
Private service providing occupations grew by 1.2% or 478 jobs. Government jobs rose by .9% or 93 jobs. The total net for all service providing jobs (private and public) grew by 1.2% or 571 jobs.
“Our marketplace continues to see steady growth and that stability inspires the confidence we’ve seen from business to invest in the region,” states Jonathan Zierdt, President and CEO of Greater Mankato Growth, Inc., “This consistent growth has been evident since 2011 when the average employment was just above 53,000. Even being at an all-time high, our employers remain stressed by the workforce shortage…currently with more than 2,300 job openings in our region. We must continue to mobilize as a community working to overcome the shortfall.”
About Greater Mankato Growth, Inc.
Greater Mankato Growth, Inc. (GMG) is committed to advancing business for a stronger community. As the Chamber of Commerce and Economic Development organization serving the regional marketplace, GMG exists to intentionally develop the regional center by promoting, supporting and serving as a catalyst for economic development through business growth, retention and attraction, talent growth retention and attraction, regional livability and advocacy of the marketplace. Greater Mankato Growth, Inc. includes two affiliates: Visit Mankato, which focuses on visitor attraction and servicing, and the City Center Partnership, which focuses on development in the City Center.
About the Regional Economic Development Alliance
In 2009, the Regional Economic Development Alliance (REDA) began with a progressive group of communities and counties joining together with Greater Mankato Growth in business attraction and development efforts. REDA participants include Eagle Lake, Lake Crystal, Le Sueur, Madison Lake, Mankato, North Mankato, Saint Peter and Blue Earth and Nicollet Counties. By working together, the group is able to efficiently provide regional and individual city and county information to businesses interested in the Greater Mankato marketplace. As a result of promoting the individual strengths of each community, along with the combined assets of the regional marketplace, all experience collective success.