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Greater Mankato has 2,200 More Jobs Today than a Year Ago

Mankato, MINN (August 16, 2012) – In July the Mankato-North Mankato Metropolitan Statistical Area (MSA) had 2,200 more jobs than the previous year (a 4.3% increase), 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 July CES data released today, Greater Mankato had its 23rd consecutive month of year over year job gains, growing from 51,483 in July  2011 to 53,683 in July 2012 (the highest ever job number for July on record).

The marketplace did experience month over month job loss of 1,000, which is typical for the June to July period. In the five previous years, the MSA lost an average of 1,291 jobs from June to July. 

“Being below the month over month job loss average, combined with the outstanding year over year performance of adding 2,200 jobs, means our region continues to be headed in the right direction and a leader in the state,” said Greater Mankato Growth President & CEO Jonathan Zierdt.

The Mankato-North Mankato MSA also had the highest job growth of any MSA in Minnesota for July.

 

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 June 2012 regional unemployment rate of 5.1%, compared to 5.8% a year ago. For more LAUS unemployment data, visit greatermankato.com/local-area-unemployment-statistics-laus.

For more information, contact Shelly Megaw at 507.381.0404 or smegaw@greatermankato.com.

 

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