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July Job Numbers Continue to Reinforce a Strong Regional Economy

 

Mankato, MINN (August 20, 2015) – The Minnesota Department of Employment and Economic Development (DEED) recently released the Current Employment Statistics (CES) figures for the month of July revealing year-over-year growth for the Mankato – North Mankato Metropolitan Statistical Area (MSA). The MSA gained 518 jobs (1%) from July of 2014, growing from 53,598 jobs to 54,116 jobs. Following seasonal trends, jobs dipped from June to July primarily due common seasonal reductions at schools, including k-12 and higher education nation-wide.

The growth represents the highest July number on record, the third straight year of growth during a July and the 35th month in a row of job growth.

“Continued confidence in the marketplace is reinforced through these numbers” said Jonathan Zierdt, president & CEO of Greater Mankato Growth, Inc. “With businesses continuing to hire we can see the continued success and expansion of investments across the region."

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, Inc. exists to intentionally develop the regional center by promoting, supporting and serving as a catalyst for economic development through: business growth, retention and attraction; talent growth retention and attraction; regional livability and advocacy of the marketplace. Greater Mankato Growth, Inc., the regional Chamber of Commerce and Economic Development organization, includes two LLCs: 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, North 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: Amy Linde, 507.382.3993 alinde@greatermankato.com

 

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