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Record Employment Within Grasp
Mankato, MINN (October 19, 2017) – The Minnesota Department of Employment and Economic Development released the September 2017 employment figures today. The Mankato – North Mankato Metropolitan Statistical Area (MSA) saw a gain of 691 jobs or 1.2% year over year in the month of September. Record employment is within grasp for the seventh year in a row, dating back to 2010.
This is the fifth consecutive month of year over year job gains. Manufacturing (10,258 jobs) has driven the growth. The Manufacturing sector has grown steadily since the beginning of 2017, ranging from 2.5% to 3.8% over the last eight months. Over the last three months, manufacturing has hit employment highs not seen since 2008.
Private service providing occupations grew by 0.6%. Government jobs rose by 1.5% or 150 jobs. The total net for all service providing jobs (private and public) grew by 0.8% or 387 jobs.
"With one quarter to go in 2017, employment in our region is on pace to again set an all-time high. Traditionally, employment in the fourth quarter goes up,” said Jonathan Zierdt, Greater Mankato Growth Inc.’s President & CEO, “While manufacturing and other primary sectors of our economy continue to rise, retail will begin to hit it’s high-mark the final three months of the year. This is the strength of a diverse economy.”
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.