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Greater Mankato Gains 1,400+ Jobs Year over Year and 1,000+ Jobs Month over Month

Mankato, MINN (July 19, 2012) – In June the Mankato-North Mankato Metropolitan Statistical Area (MSA)  had 1,400+ more jobs than the previous year and 1,000+ more jobs than the previous month, according to the Minnesota Department of Employment and Economic Development Current Employment Statistics (CES) released today.

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. According to June CES data released today, Greater Mankato had its 22nd consecutive month of year over year job gains, with the highest ever job number for June on record.

“This data continues to validate the strength of our marketplace and speaks volumes about the vitality of our employers,” said Greater Mankato President & CEO Jonathan Zierdt. “The Greater Mankato region has had strong performance during the past couple of years, and the latest jobs data, along with other statistics and ratings, reaffirms our positive position.”  

 

The Mankato-North Mankato MSA, which includes all of Blue Earth and Nicollet counties, also had the highest job growth of any MSA in Minnesota for June.

 

June Year Over Year Job Increases for MN MSAs

(rounded to the nearest hundred)

Area

Year Over Year

Job Increase

Year over Year

Job Increase %

Mankato-North Mankato MSA

     1,400

3.1%

St. Cloud MSA

     2,500

 2.5%

Minneapolis-St. Paul-Bloomington MSA

   26,400

  1.5%

Rochester MSA

         70

  .1%

Duluth-Superior-MN-WI MSA

 -  2,400

-1.8%

Source: CES, Minnesota Department of Employment & Economic Development (DEED)
Compiled by: Greater Mankato Growth, Inc. | greatermankato.com | 507.385.6640 | info@greatermankato.com
 

For more CES job number 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. Still, LAUS employment numbers continue to look good, with a May 2012 regional unemployment rate of 4.4%, compared to 5.6% for Minnesota and 8.2% for the U.S. 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 Greater Mankato Convention and Visitors Bureau, 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.

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