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Manufacturing Job Growth Leads the State in Greater Mankato

Mankato, MINN (May 15, 2014) – The Minnesota Department of Employment and Economic Development (DEED) released the Current Employment Statistics (CES) figures for the month of April today. The Mankato-North Mankato MSA leads the state in growth of year-over-year jobs with a 3.1% increase over April of 2013. The MSA has experienced growth in year-over-year numbers in 41 of the last 44 months.

Year-Over-Year Growth by Metropolitan Statistical Area

 

Metropolitan Statistical Area

OTY Employment Change #

OTY % of Employment Change

Mankato – North Mankato MSA

1,671

3.1%

St. Cloud MSA

2,906

2.9%

Minneapolis-St. Paul MN-WI MSA

28,735

1.6%

Duluth-Superior MN-WI MSA

706

.5%

Rochester MSA

288

.3%

Source: CES, Minnesota Department of Employment & Economic Development (DEED)

Compiled by: Greater Mankato Growth, Inc., greatermankato.com.

 

Goods Producing (manufacturing) jobs were a highpoint for the Mankato – North Mankato MSA. Manufacturing saw its highest year-over-year number since April of 2008 with 9,935 jobs. The manufacturing sector grew at 5.7%, a rate almost double that of the next highest growth seen in MN which was the Minneapolis – St. Paul MSA with 2.9% growth.

 

Private sector jobs were also unprecedented, reaching the highest number ever for the month of April at 46,336 jobs, up 4.2% from last April’s number. This number also represents the fourth highest employment number ever on record with only the recent months of October, November and December of 2013 outpacing this month’s high.

 

http://www.greatermankato.com/sites/default/files/images/private_1.JPG

 

 

 

 

 

 

 

 

 

 

 

 

 

“The goods producing growth in particular is outstanding,” said Greater Mankato Growth President & CEO Jonathan Zierdt. “It shows that the primary economy within our marketplace is not just flourishing but continuing to set the pace for the state while driving the state’s economy .”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 (GMG) is committed to advancing business for a stronger community. As the Chamber of Commerce and Economic Development organization serving the regional marketplace, GMG advances business through: existing business support, new business growth, business promotion, talent development, public affairs, community marketing, visitor attraction and servicing and civic engagement. Greater Mankato Growth, Inc. also includes two LLCs: the 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, 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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The Greater Mankato Growth, Inc. Family: Visit Mankato City Center Partnership