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Employment Continues to Skyrocket
Mankato, MINN (July 19, 2018) – The Minnesota Department of Employment and Economic Development released the June 2018 employment figures today. The Mankato – North Mankato Metropolitan Statistical Area (MSA) saw a gain of 2,535 jobs or 4.5% year over year in the month of June, which led all metropolitan areas in the state. This is the sixth straight month of Mankato-North Mankato leading the state in job growth.
Private employment continues to see strong growth with Goods-Producing (10,806 jobs) and Service-Providing (38,511 jobs) up 3.7% and 3.2% respectively. The Private Sector has traditionally declined(between -.2% to -2%) from May to June over the last 13 years. However, in 2018 the sector stayed relatively flat and only shed 18 jobs month over month. Overall, there are 1,601 more private jobs in the Mankato-North Mankato MSA than in June of 2017. This is the second highest rate of growth in June ever recorded in the last 20 years.
The Public Sector bucked seasonal trends and jumped by 10.2%, the highest year over year increase ever recorded in the Mankato-North Mankato MSA for this sector.
“The balanced prosperity across all employment sectors in Greater Mankato is really astounding,” said Jonathan Zierdt, President & CEO of Greater Mankato Growth, Inc., “Especially given we are bucking the month to month trend line to lead the state in employment growth.”
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About Greater Mankato Growth
Greater Mankato Growth, the regional chamber of commerce and economic development organization, is a business unit of Greater Mankato Growth, Inc. (GMG) which also includes the local convention and visitor's bureau, Visit Mankato, the downtown development organization, City Center Partnership and GreenSeam, which utilizes agriculture to build on the region’s extensive agribusiness assets to develop the ag economy.
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, 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.
contact: John Considine, 507.385.6640, firstname.lastname@example.org