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February Greater Mankato Job Numbers Reach Record Highs

Mankato, MINN (March 27, 2014) – According to the Current Employment Statistics (CES) figures released today by the Minnesota Department of Employment and Economic Development, job numbers in the Mankato-North Mankato Metropolitan Statistical Area (MSA) for the month of February continue their steady growth with the highest February job numbers on record at 54,977 jobs. That number is up 1,285 jobs from last February’s job number of 53,692.

These numbers also represent many all-time high numbers for February year over year numbers including:

  • Private jobs at 45,935 (up 3.3% over 2013)
  • Private Service Providing jobs at 36,361 (up 3.4% over 2013)
  • All Service Providing jobs at 45,403 (up 2.3% over 2013)

 “The growth seen in this marketplace is something of which everyone in the MSA should be particularly proud. It speaks to the commitment of our businesses, community members and leaders to drive not only their business but to work together to advance the entire marketplace” said Jonathan Zierdt, President & CEO of Greater Mankato Growth, Inc. “These partnerships are a unique feature that hold continued promise for regional prosperity.”

The Greater Mankato MSA also continues to lead the state in year over year job growth with a 2.4% growth rate in year over year jobs.

February Year Over Year Job Increases for MSAs

(non-seasonally adjusted)

 

Metropolitan Statistical Area

OTY

OTY Employment Change

Employment Change

(%, NSA)

(#, NSA)

 

Mankato MSA

1,285

2.4

St. Cloud MSA

2,236

2.3

Minneapolis-St. Paul MN-WI MSA

21,928

1.2

Duluth-Superior MN-WI MSA

2,236

0.8

Rochester MSA

376

0.4

When it comes to judging the economic strength of a region relative to jobs, one of the best sources is CES data, which measures the number of paid employees in a particular region, excluding self-employment and farm jobs.        

For more CES data and graphics, visit greatermankato.com/current-employment-statistics-jobs-data.

Another measure of area employment is the Local Area Unemployment Statistics (LAUS). LAUS is not as much an indicator of the strength of the business climate, because it measures the total number of people who live in a particular region who are employed, rather than the businesses in the region employing them. For more LAUS unemployment data, visit greatermankato.com/local-area-unemployment-statistics-laus.

About Greater Mankato Growth

Greater Mankato Growth (GMG) is committed to advancing business for a stronger community. As the Chamber of Commerce and Economic Development organization serving the regional marketplace, GMG advances business through: existing business support, new business growth, business promotion, talent development, public affairs, community marketing, visitor attraction and servicing and civic engagement. Greater Mankato Growth, Inc. also includes two LLCs: the Visit Mankato, LLC, which focuses on visitor attraction and servicing, and the City Center Partnership, LLC, 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, Saint Peter and Blue Earth County. 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:          Amy Linde, 507.382.3993, alinde@greatermankato.com

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The Greater Mankato Growth, Inc. Family: Visit Mankato City Center Partnership