22 Feb Impact of Business Closure on Wages

The Minnesota Department of Employment and Economic Development maintains wage information for a variety of geographies in the state. The most frequently updated and current data set is the Current Employment Statistics (CES).Because of the size of the Mankato-North Mankato Metropolitan area (comprised of Blue Earth and Nicollet Counties), some information is redacted for confidentiality purposes. The only wage data available within the CES data set is for the Private Business industry sector.What is seen in the data confirms what one would suspect in a tight labor market: laid-off workers are seeking the higher paying jobs...and they are finding them.