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Greater Mankato had 1,200+ more jobs in 2012 than 2011

Mankato, MINN (January 17, 2013) – According to the Current Employment Statistics (CES) figures released today by the Minnesota Department of Employment and Economic Development, the Mankato-North Mankato Metropolitan Statistical Area (MSA) had an average monthly job gain of 1,220 jobs, when comparing all months of 2011 to all months of 2012 – a reasonable gain of 2.3%. At 53,944 jobs, it’s also the highest annual average job number since 2008.

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. The year closed out with December year over year job gains of nearly 600 over the previous year (a 1.1% increase), the 28th consecutive month of year over year job gains for the region.

This news was partially tempered by a 2% month to month drop, with 1,127 fewer jobs in December than November. “While job numbers typically do go down from November to December, this year the decrease is a bit larger, so we will certainly keep an eye on it. However, it may just be an adjustment and the consistent positive year over year job increase tells the real story of our steady growth over the past 28 months,” said Jonathan Zierdt, President & CEO of Greater Mankato Growth.

 

 

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. Still, LAUS employment numbers for the MSA continue to look good, with a November 2012 regional unemployment rate of 4.0%, compared to 4.2% for the same period a year ago. 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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contact:          Shelly Megaw, (507) 381.0404, smegaw@greatermankato.com

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