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Mankato-North Mankato MSA Reaches New Employment Benchmark
Mankato, MINN (December 21, 2017) – The Minnesota Department of Employment and Economic Development released the November 2017 employment figures today. The Mankato – North Mankato Metropolitan Statistical Area (MSA) saw a gain of 1,085 jobs or 1.9% year over year in the month of November.
Additionally, as is customary, DEED updated last month’s employment figures for October 2017. With the update, for the first time ever, the Greater Mankato marketplace broke the 60,000 mark for total employment (60,021).
Manufacturing (10,348 jobs) continues to be a strong performer in 2017. The year over year growth of 3.9% is the highest growth rate in November since 1997.
Private service providing occupations grew by 1.4%. Government jobs rose by 1.7%. The total net for all service providing jobs (private and public) grew by 1.4% or 696 jobs.
“Our region’s employment figures are still showing steady growth despite the regional and national challenges around finding workers,” states Jonathan Zierdt, President and CEO of Greater Mankato Growth, Inc., “We continue to support the mobilization of community efforts to overcome this shortfall. One of the ways in which we are doing so, is with the launch ofmoremankato.com – the virtual tours website that showcases our community in an immersive way in hopes of attracting the talented workforce we need.”
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 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. includes two affiliates: Visit Mankato, which focuses on visitor attraction and servicing, and the City Center Partnership, 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 and Nicollet Counties. 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.
John Considine, 507.385.6640