Tag: wages

May 2019 Greater Mankato Jobs Report

by johnconsidine, posted in Business Development

The Minnesota Department of Employment and Economic Development released the May 2019 employment figures yesterday. The Mankato – North Mankato Metropolitan Statistical Area (MSA) saw a gain of 157 jobs or 0.3% year over year in the month of May.  This is the 29th straight month of Mankato-North Mankato having year over year job growth.

The highest percent of growth came from the Goods Producing sectors (0.8% or 85 jobs). The Service Providing sectors added 0.2% or 72 jobs.

Hourly earnings in the private sector continue to stay above $26 an hour ($26.52). Over the last 24 months, wages have increased by 11.1%.

To see the trends in employment for Greater Mankato, visit:  https://greatermankato.com/current-employment-statistics-jobs-data

 

Impact of Business Closure on Wages

by johnconsidine, posted in Business Development

Job market

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.

Continue reading “Impact of Business Closure on Wages” →