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City of Elk River Housing Plan Updated January 2003 <br /> • Table 9 illustrates employment and unemployment data for residents of Sherburne County, <br /> regardless of where they work. The labor force in the County has been increasing since 1990. <br /> The largest increase in the labor force occurred between 1993 and 1994 with an increase of 1,818 <br /> persons. Between 1999 and 2000 another substantial increase was experienced with a labor <br /> force increase of 1,592 persons. Unemployment rates in the County reached their lowest level in <br /> 1998 with a 2.5% unemployment rate. The highest rate was found in 1991 at 6.0%. Since 1997 <br /> the unemployment rate has stayed below 4.0%. For the most part, the unemployment rate in the <br /> County has remained consistent with the statewide rate. With the exception of 1990, Sherburne <br /> County has had a lower rate than the national average. <br /> Table 9 <br /> Sherburne County <br /> Employment and Unemployment Data <br /> 1990-2000 <br /> MN U.S. <br /> Labor Number Number Unemployment Unemployment Unemployment <br /> Year Force Employed Unemployed Rate Rate Rate <br /> 1990 22,462 21,187 1,275 5.7% 4.9% 5.6% <br /> 1991 23,210 21,815 1,395 6.0% 5.1% 6.8% <br /> • 1992 23,891 22,499 1,392 5.8% 5.2% 7.5% <br /> 1993 25,402 23,907 1,495 5.9% 5.1% 6.8% <br /> 1994 27,220 26,130 1,090 4.0% 4.0% 6.1% <br /> 1995 28,543 27,427 1,116 3.9% 3.7% 5.6% <br /> 1996 29,578 28,354 1,224 4.1% 4.0% 5.4% <br /> 1997 30,936 29,904 1,032 3.3% 3.3% 4.9% <br /> 1998 32,580 31,766 814 2.5% 2.5% 4.5% <br /> 1999 32,932 32,040 892 2.7% 2.8% 4.2% <br /> 2000 34,524 33,418 1,106 3.2% 3.3% 4.0% <br /> Source: Minnesota Department of Economic Security <br /> Employers in Elk River provide a diversity of employment opportunities in various sectors such <br /> as government, education, medical, and numerous commercial and industrial businesses. The <br /> City has made great strides in attracting businesses to their business parks and ensuring that <br /> space is available for new industries. The City is also working on redevelopment efforts for <br /> Downtown Elk River that will bring enhanced retail, office and housing space to the community. <br /> • <br /> 21 <br />