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Manufacturing Employment Reaches 10 Year High
Mankato, MINN (June 14, 2018) – The Minnesota Department of Employment and Economic Development released the May 2018 employment figures today. The Mankato – North Mankato Metropolitan Statistical Area (MSA) saw a gain of 1,286 jobs or 2.2% year over year in the month of May, which led all metropolitan areas in the state. This is the fifth straight month of Mankato-North Mankato leading the state in job growth.
Goods Producing sector (manufacturing) occupations had the highest rate of growth with 3.5% (353 jobs) in May. This sector now has the highest level of employment (10,581) since November 2008.
Employment in the Public Sector dropped by -0.3% (33 jobs). Private Service Sector jobs increased by 2.6% (966 jobs).
“Greater Mankato continues to see impressive job growth even in the face of the talent shortage headwinds here as well as nationally,” said Jonathan Zierdt, President & CEO of Greater Mankato Growth, “With our low unemployment rate, this job growth is an indicator of population growth and people willing to commute into our marketplace for employment.”
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About Greater Mankato Growth
Greater Mankato Growth, the regional chamber of commerce and economic development organization, is a business unit of Greater Mankato Growth, Inc. (GMG) which also includes the local convention and visitor's bureau, Visit Mankato, the downtown development organization, City Center Partnership and GreenSeam, which utilizes agriculture to build on the region’s extensive agribusiness assets to develop the ag economy.
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, 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.