Home

Menu

You are here

Greater Mankato Starts 2013 Strong

Mankato, MINN (March 5, 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 1,000 more jobs this January 2013 than the same month last year.

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.        

Of the 1,000 jobs the region gained in January, 9% (90) came from government and 91% (910) came from the private sector.  Of the 910 jobs gained in the private sector, 45% (405) came from goods producing businesses and 55% (505) came from service providing businesses. “This continued, balanced growth among multiple sectors is one of the reasons for our marketplace’s ongoing strength and stability,” said Greater Mankato Growth President & CEO Jonathan Zierdt.

Comparing the Mankato-North Mankato MSA (which includes Blue Earth and Nicollet counties) to other regions of the state shows good news as well, with the Mankato-North Mankato MSA’s growth only slightly below that of the Minneapolis-St. Paul-Bloomington MSA.

January Year Over Year Job Increases for MSAs

(non-seasonally adjusted)

Area

Year Over Year

Job Increase

Year over Year

Job Increase %

Minneapolis-St. Paul-Bloomington MSA

            33,900

          2.0%

Mankato-North Mankato MSA

              1,000

          1.9%

Rochester MSA

              1,400

          1.3%

St. Cloud MSA

              1,100

          1.1%

Duluth MSA

              1,300

          1.1%

Minnesota

            50,000

          1.9%

U.S.

  2.048 million

          1.6%

While there was also a month to month job loss for the Mankato-North Mankato MSA from December 2012 to January 2013 of 1.1% (804 jobs), this is a typical seasonal pattern.  

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 4.4%, compared to 4.6% 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.

###

contact:          Shelly Megaw, (507) 381.0404 - smegaw@greatermankato.com

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