Mankato, MN — The Mankato – North Mankato Metropolitan Statistical Area (MSA) had a slight uptick in jobs for the month of October, up by 0.4% or 242 jobs as compared to October of 2015. The Greater Mankato area saw an all-time high for employment with 57,778 jobs.
Mankato – North Mankato MSA has typically had a very strong 4th Quarter per seasonal trends. October has the highest levels of employment. The strength of the 4th quarter is related to seasonal hiring related to holiday purchasing, which impact multiple sectors including retail, wholesale, and manufacturing.
Additionally, last month’s numbers were revised to show an increase rather than a decrease in year over year job growth for the month of September.
With two months to go, the MSA is on pace to have another record-breaking year for employment. The 2016 Annual Monthly Average currently sits at 56,186 with the release of October’s employment figures. This average is up 428 jobs from the 2015 Annual Monthly Average of 55,758.
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 exists to intentionally develop the regional center by promoting, supporting and serving as a catalyst for economic development through business growth, retention and attraction, talent growth retention and attraction, regional livability and advocacy of the marketplace. Greater Mankato Growth, Inc. includes two affiliates: Visit Mankato, which focuses on visitor attraction and servicing, and the City Center Partnership, 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 and Nicollet Counties. 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.