St. Cloud MSA Experiences Strong Economic Growth

The St. Cloud Metropolitan Statistical Area (MSA) continues to experience some of the strongest economic growth in the entire state of Minnesota. Over the past 12 months, the St. Cloud MSA witnessed a 1.4 percent increase in the number of jobs added. St. Cloud was narrowly edged out by the Minneapolis-St. Paul MSA (1.5 percent) for first in the state. St. Cloud’s job gains were well ahead of the Rochester MSA (up 0.8 percent), Duluth-Superior MSA (up 0.2 percent), and Mankato MSA (decrease of 0.2 percent). The St. Cloud MSA continues to thrive economically, adding 1,484 jobs in the last year.

For more information, please visit DEED’s website at https://mn.gov/deed/

For Immediate Release May 18, 2017 Contact: Shane Delaney, 651-259-7236  shane.m.delaney@state.mn.us Steve Hine, 651-259-7396 steve.hine@state.mn.us State Gains 15,100 Jobs in April ~Highest monthly jobs gain since 2013~ ~Unemployment rate steady at 3.8 percent~ ST. PAUL – Minnesota employers added 15,100 jobs in April, the most monthly job gains in the state since September 2013, according to seasonally adjusted figures released today by the Minnesota Department of Employment and Economic Development (DEED). The state has added 34,715 jobs over the past year, a gain of 1.2 percent. U.S. jobs grew 1.4 percent during that period. The Minnesota unemployment rate held steady in April at a seasonally adjusted 3.8 percent, compared with a U.S. unemployment rate of 4.4 percent. “This is the largest monthly jobs gain Minnesota has seen in nearly four years,” said DEED Commissioner Shawntera Hardy. “Minnesota has already added nearly 23,000 jobs in the first four months of 2017. That job growth combined with rising wages and increasing work hours all point to strong labor market conditions statewide.” Education and health services led all sectors in April with 4,300 new jobs, followed by construction (up 3,600), government (up 3,000), professional and business services (up 2,700), manufacturing (up 1,100), other services (up 1,000), leisure and hospitality (up 500) and information (up 200). The following sectors lost jobs: trade, transportation and utilities (down 700), financial activities (down 500) and logging and mining (down 100). Education and health services led all sectors in job growth over the past year, gaining 18,929 jobs. Other industries that added jobs were other services (up 3,212), construction (up 3,021), professional and business services (up 2,858), government (up 2,685), financial activities (up 2,263), trade, transportation and utilities (up 1,899), information (up 1,107), logging and mining (up 787) and manufacturing (up 391). Leisure and hospitality (down 2,437) is the only sector that lost jobs over the past 12 months. In the Metropolitan Statistical Areas, the following regions gained jobs in the past 12 months: Minneapolis-St. Paul MSA (up 1.5 percent), Rochester MSA (up 0.8 percent), St. Cloud MSA (up 1.4 percent) and Duluth-Superior MSA (up 0.2 percent). The Mankato MSA lost jobs (down 0.2 percent). DEED has added a section to its website that examines the unemployment rate by demographics (race, age and gender) and looks at alternative measures of unemployment. DEED is the state’s principal economic development agency, promoting business recruitment, expansion and retention, workforce development, international trade and community development. For more details about the agency and its services, visit the DEED website or follow DEED on Twitter.  

For Immediate Release
May 18, 2017

Contact: Shane Delaney, 651-259-7236
 shane.m.delaney@state.mn.us

Steve Hine, 651-259-7396
steve.hine@state.mn.us


State Gains 15,100 Jobs in April
~Highest monthly jobs gain since 2013~
~Unemployment rate steady at 3.8 percent~

ST. PAUL – Minnesota employers added 15,100 jobs in April, the most monthly job gains in the state since September 2013, according to seasonally adjusted figures released today by the Minnesota Department of Employment and Economic Development (DEED).

The state has added 34,715 jobs over the past year, a gain of 1.2 percent. U.S. jobs grew 1.4 percent during that period.

The Minnesota unemployment rate held steady in April at a seasonally adjusted 3.8 percent, compared with a U.S. unemployment rate of 4.4 percent.

“This is the largest monthly jobs gain Minnesota has seen in nearly four years,” said DEED Commissioner Shawntera Hardy. “Minnesota has already added nearly 23,000 jobs in the first four months of 2017. That job growth combined with rising wages and increasing work hours all point to strong labor market conditions statewide.”

Education and health services led all sectors in April with 4,300 new jobs, followed by construction (up 3,600), government (up 3,000), professional and business services (up 2,700), manufacturing (up 1,100), other services (up 1,000), leisure and hospitality (up 500) and information (up 200).

The following sectors lost jobs: trade, transportation and utilities (down 700), financial activities (down 500) and logging and mining (down 100).

Education and health services led all sectors in job growth over the past year, gaining 18,929 jobs. Other industries that added jobs were other services (up 3,212), construction (up 3,021), professional and business services (up 2,858), government (up 2,685), financial activities (up 2,263), trade, transportation and utilities (up 1,899), information (up 1,107), logging and mining (up 787) and manufacturing (up 391).

Leisure and hospitality (down 2,437) is the only sector that lost jobs over the past 12 months.

In the Metropolitan Statistical Areas, the following regions gained jobs in the past 12 months: Minneapolis-St. Paul MSA (up 1.5 percent), Rochester MSA (up 0.8 percent), St. Cloud MSA (up 1.4 percent) and Duluth-Superior MSA (up 0.2 percent). The Mankato MSA lost jobs (down 0.2 percent).

DEED has added a section to its website that examines the unemployment rate by demographics (race, age and gender) and looks at alternative measures of unemployment.

DEED is the state’s principal economic development agency, promoting business recruitment, expansion and retention, workforce development, international trade and community development. For more details about the agency and its services, visit the DEED website or follow DEED on Twitter.

 

Posted on May 25, 2017 .