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February Job Numbers Continue Strong Growth Trends

Mankato, MINN (March 19, 2015) – The Minnesota Department of Employment and Economic Development (DEED) released the Current Employment Statistics (CES) figures for the month of February today. The Mankato – North Mankato Metropolitan Statistical Area (MSA) experienced a gain of 1,023 jobs from February of 2014, representing 1.9% growth.

Highlights from the data this month include:

·         Highest February employment ever at 55,929 jobs
·         Highest February Private sector employment ever at 46,396
·         Highest February Public sector employment ever at 9,533 jobs
·         Goods Producing jobs had the largest gain of all sectors with 4.2% growth year-over-year

“One of the major strengths of our marketplace continues to be its industry diversification, which sets the stage for stable continued growth across all business sectors,” said Greater Mankato Growth, Inc. President & CEO Jonathan Zierdt.

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, Inc. 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., the regional Chamber of Commerce and Economic Development organization, includes two LLCs: 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, North 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 or alinde@greatermankato.com

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