Mankato, MINN (September 20, 2012) – With today’s release of Minnesota Department of Employment and Economic Development Current Employment Statistics (CES), the Mankato-North Mankato Metropolitan Statistical Area (MSA) reached a significant milestone – the 24th straight month of year over year job gains.
“Having two straight years of job gains is an incredible accomplishment for the Greater Mankato region,” said Greater Mankato Growth President & CEO Jonathan Zierdt. “It leaves no doubt about the continued strength and resilience of our marketplace.”
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. According to July CES data released today, Greater Mankato had 537 more jobs this August than last year. Jobs did decrease month to month, from July to August, which is a typical annual trend. “While we pay attention to the month to month numbers, it’s the annual numbers that really tell the story,” explained Zierdt.
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. Still, LAUS employment numbers for the MSA continue to look good, with a July 2012 regional unemployment rate of 5.3%, compared to 6.2% a year ago. For more LAUS unemployment data, visit greatermankato.com/local-area-unemployment-statistics-laus.
For more information, contact Shelly Megaw at (507) 381.0404 or firstname.lastname@example.org.
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 Greater Mankato Convention and Visitors Bureau, 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.