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Mankato – North Mankato MSA Leads 2015 Q1 Private Sector Job Growth
Mankato, MINN (April 16, 2015) – The Minnesota Department of Employment and Economic Development (DEED) released the Current Employment Statistics (CES) figures for the month of March today. The Mankato – North Mankato Metropolitan Statistical Area (MSA) experienced job growth of 1.9% from March of 2014. Total jobs in March were 55,636, up 1,061 jobs from this time last year. Highest growth seen in the Mankato – North Mankato MSA was experienced in goods producing, seeing 4% growth from last year.
2015 Q1 Private Sector Growth by MN MSA
The Mankato – North Mankato MSA tied the St. Cloud MSA for second highest year-over-year growth (1.9%) in the state this month. However, the Mankato – North Mankato leads the state for private sector growth in the first quarter of 2015 seeing between 2 – 2.5% job growth each month.
“The growth seen this month is not a surprise” said President & CEO of Greater Mankato Growth, Inc. Jonathan Zierdt. “If you drive around the region you can see construction happening across industry sectors and now hiring signs everywhere, we expect this pattern to continue for the duration of 2015.”
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.
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.
Media contact: Amy Linde, email@example.com or 507.385.6647