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Top Total Jobs Ever for the Mankato-North Mankato MSA
Mankato, MINN (November 20, 2014) – The Minnesota Department of Employment and Economic Development (DEED) released the Current Employment Statistics (CES) figures for the month of October today. The Mankato–North Mankato Metropolitan Statistical Area (MSA) set a record today far surpassing the 57,000 jobs mark for the first time ever. The region recorded 57,683 total jobs in October, up 2.7% or 1,532 jobs from last October.
The region also continues to top the state in growth percentage in year-over-year jobs. The Mankato–North Mankato MSA is up 2.7% percent while the next highest metro was a tie between the St. Cloud MSA and the Minneapolis-St. Paul MSA with 1.7% growth.
In 2014, the Mankato-North Mankato also has the highest year-to-date growth (January-October) among all MN based MSAs with nearly 2% growth.
2014 YTD Growth
MN based MSA
Another highlight of this month’s numbers are that the region continues to outpace both the state and national averages. This month the state of Minnesota’s growth rate was 1.8% and the U.S. growth rate landed at an even 2% where the Mankato-North Mankato MSA came in at 2.7%.
“This growth has been following a steady and upward trend for about two years now” said Jonathan Zierdt, President & CEO of Greater Mankato Growth. “This shows the calculated and confident investment our businesses are making in the region and there is no sign of things slowing down in Greater Mankato, we are a place both business and people want to be.”
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, North 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.
contact: Amy Linde, 507.382.3993, email@example.com