The Minnesota Department of Employment and Economic Development has released the September employment numbers and the Mankato – North Mankato Metropolitan Statistical Area (MSA) saw a gain of 1,858 jobs or 3.2% year over year. That led all of the metropolitan areas in the state and marks the ninth straight month of Mankato-North Mankato leading the state in job growth.
Greater Mankato Growth says employment growth has only crept above 3% once before in the last 20 years, in 2011 coming out of the national recession. This is the first time that employment in September in the Greater Mankato area has exceeded 60,000.
The DEED numbers show that private sector employment has shown steady growth this year and this has been the least volatile year on record.
GMG officials say all sectors reported employment growth. Public sector employment grew 9.6%, Manufacturing grew by 4.4%, and Service Providing occupations grew by 2.9%
Hourly earnings have increased again as well — private sector wages increased by $0.93 per hour to $25.96 per hour.
GMG’s Director of Regional Business Intelligence John Considine says the area’s economic stability, due to industry diversification, ensures that the region isn’t subject to booms or busts other regional centers face.
He added that employment growth this year has been remarkably stable and reaffirms employer confidence in the marketplace.