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Greater Mankato Experiences Three Years of Continuous Job Growth
Mankato, MINN (September 17, 2015) – The Minnesota Department of Employment and Economic Development (DEED) released the Current Employment Statistics (CES) figures for the month of August revealing continued growth in the number of jobs in the Mankato – North Mankato Metropolitan Statistical Area (MSA). The MSA experienced 1.5% year-over-year growth, a gain of 785 jobs (54,488 total jobs). The gain also marks a milestone for the MSA, 36 months of continuous job growth.
Job numbers for August also set records for most jobs ever in both the private and public sectors within the MSA. The regional marketplace was second in the state for overall growth at 1.5% trailing only the Minneapolis – St. Paul MSA at 1.9% growth. The Mankato- North Mankato MSA continues to grow its job numbers slightly faster than the state of Minnesota as a whole, 1.3% vs 1.5%.
“Reaching 36 months of straight growth reinforces the marketplaces vitality and economic prowess” said Jonathan Zierdt, president & CEO of Greater Mankato Growth, Inc. “The key to a sound, stable and successful marketplace is to not grow too fast, but rather to grow at a steady and manageable pace that allows all pieces of the economy to develop and evolve together.”
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/workforce-labor-statistics.
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 firstname.lastname@example.org