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Greater Mankato Sees Highest Annual Average Job Numbers
Mankato, MINN (March 13, 2014) – According to the Current Employment Statistics (CES) figures released today by the Minnesota Department of Employment and Economic Development, job numbers in the Mankato-North Mankato Metropolitan Statistical Area (MSA) for the month of January was at an all-time high of 54,504 jobs. Private sector job numbers were also at an all-time high for the month of January, with an increase of 3.6 percent.
The Mankato-North Mankato MSA saw the highest growth of all Minnesota based MSAs in month-over-month job growth at 2.6%.
January Year Over Year Job Increases for MSAs (non-seasonally adjusted)
Metropolitan Statistical Area
OTY Employment Change
St. Cloud MSA
Minneapolis-St. Paul MN-WI MSA
Duluth-Superior MN-WI MSA
Released also today were revised job figures from the previous 21 months. These figures show that the Mankato-North Mankato MSA experienced the highest ever annual average, reaching 54,243 jobs, this beats the pre-recession high of 54,195 seen in 2007.
Annual Average Job Numbers for the Mankato-North Mankato MSA
*Source: CES, Minnesota Department of Employment & Economic Development (DEED)
Compiled by: Greater Mankato Growth, Inc. | greatermankato.com | 507.385.6640 | firstname.lastname@example.org
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.
“To lead the state in growth, top our own annual average job number record and see the highest year-over-year January job numbers, all at once, shows the unlimited potential that 2014 has in store for the regional marketplace” said Greater Mankato Growth President & CEO Jonathan Zierdt.
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 (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 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, 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.