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Manufacturing Continues to Climb
Mankato, MINN (August 17, 2017) – The Minnesota Department of Employment and Economic Development released the July 2017 employment figures today. The Mankato – North Mankato Metropolitan Statistical Area (MSA) saw a gain of 908 jobs or 1.7% year over year in the month of July.
This is the third consecutive month of year over year job gains. Manufacturing (10,353 jobs) has driven the growth. The Manufacturing sector has grown steadily since the beginning of 2017, growing by 2.5% (Feb.), 2.8% (Mar.), 2.5% (Apr.), 2.5% (May), 3.8% (Jun.) and 2.5% (Jul.) year over year.
Private service providing occupations grew by 1%. Government jobs rose by 3.8% or 296 jobs. The total net for all service providing jobs (private and public) grew by 1.5% or 658 jobs.
“The continuing manufacturing employment growth is a positive sign for the marketplace. While it follows seasonal trends, it has outpaced growth in previous years,” said John Considine, Director of Regional Business Intelligence at Greater Mankato Growth, “It will be interesting to see if the sector bucks the seasonal employment decline in an effort to retain employees. It’s usually more affordable to retain an existing employee than going back to the well and rehiring.”
"The steady growth we are seeing in all industry sectors is further evidence of a diverse and balanced economy,” said Jonathan Zierdt, Greater Mankato Growth Inc.’s President & CEO, “However this is only sustainable with the attraction and retention of talent. Given the wide variety of jobs available throughout our region, it speaks to the need for an efficient and comprehensive tool such as Greater Mankato Jobs (greatermankatojobs.com).”