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Employment Growth Hits 20 Year High
Mankato, MINN (September 20, 2018) – The Minnesota Department of Employment and Economic Development released the August 2018 employment figures today. The Mankato – North Mankato Metropolitan Statistical Area (MSA) saw a gain of 2,397 jobs or 4.3% year over year in the month of August, which led all metropolitan areas in the state. This is the eighth straight month of Mankato-North Mankato leading the state in job growth.
Below is a comparison of the 2018 Year To Date (YTD) average employment growth for Minnesota based metropolitan areas:
Job Growth from 2017-2018 (YTD)
All sectors reported employment growth. Public sector employment grew 9.5%, Manufacturing grew by 4.1%, and Service Providing occupations grew by 4.3%
Hourly earnings have increased again as well. The private sector has seen wages increasing $1.37 an hour up to from $25.33 per hour.
“The consistent employment growth our employers have been experiencing across all industry sectors is one key indicator of a prosperous economy, which is in part due to our region’s livability.” said Jonathan Zierdt, President & CEO of Greater Mankato Growth, Inc.
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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