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Employment Growth Hits 20 Year High
Mankato, MINN (August 16, 2018) – The Minnesota Department of Employment and Economic Development released the July 2018 employment figures today. The Mankato – North Mankato Metropolitan Statistical Area (MSA) saw a gain of 3,808 jobs or 6.9% year over year in the month of July, which led all metropolitan areas in the state. This is the seventh straight month of Mankato-North Mankato leading the state in job growth.
The total employment growth is the highest year over year increase since August 1998, nearly 20 years. Private employment continues to see strong growth with Goods-Producing (10,923 jobs) and Service-Providing (38,758 jobs) up 4.0% and 3.6% respectively.
Hourly earnings are also increasing. The private sector has seen wages increasing from $23.85 per hour (July 2017) to $25.78 per hour in July of this year (over 8% increase).
“The growth in employment is seen across all sectors,” said Jonathan Zierdt, President & CEO of Greater Mankato Growth, “A variety of factors are influencing it, including general business growth, population growth, and perhaps most evident is employers working to avoid seasonal layoffs.”
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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.