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More Year over Year Job Growth for Greater Mankato
Mankato, MINN (September 19, 2013) – The Mankato-North Mankato Metropolitan Statistical Area (MSA) gained 722 jobs from August 2012 to this year, a 1.5% year over year increase, with the Private Sector jobs increasing by 1.5% and Public Sector increasing by 1.2%.
Month to month numbers from July to August of this year followed a typical season trend, reduced by 470 jobs, less than 1%.
“It is reassuring that we continue to follow typical monthly trends, but even more significant that our year over year job numbers continue on a growth trajectory,” said Greater Mankato Growth President & CEO Jonathan Zierdt.
The Private Goods Producing jobs number continued to be a stand out for the region, increasing 2.4% year over year and continuing to lead all Minnesota based MSAs in average year over year gains thus far for 2013.
Average Monthly Year over Year Job Growth/Loss
January – August 2013
This latest jobs data comes from CES Data released today by the Minnesota Department of Employment and Economic Development (DEED), which measures the number of paid employees in a particular region, excluding self-employment and farm jobs. For more CES jobs data, visit http://www.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. Still, LAUS employment numbers for the MSA continue to be positive, with a July 2013 regional unemployment rate of 4.5%, compared to 5.4% a year ago. 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: Visit Mankato, 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.