|
EMPLOYMENT ANALYSIS
<br /> TABLE E-1
<br /> RESIDENT EMPLOYMENT(ANNUAL AVERAGE)
<br /> SHERBURNE COUNTY
<br /> 2000 to 2015*
<br /> Total Minnesota U.S.
<br /> Labor Total Total Unemployment Unemployment Unemployment
<br /> Year Force Employed Unemployed Rate Rate Rate
<br /> 2000 37,904 36,748 1,156 3.0% 3.2% 4.0%
<br /> 2001 39,496 38,001 1,495 3.8% 3.8% 4.7%
<br /> 2002 41,524 39,552 1,972 4.7% 4.5% 5.8%
<br /> 2003 43,310 41,090 2,220 5.1% 4.9% 6.0%
<br /> 2004 45,025 42,780 2,245 5.0% 4.7% 5.6%
<br /> 2005 46,529 44,513 2,016' 4.3% 4.1% 5.1%
<br /> 2006 48,064 45,991 2,073 4.3% 4.0% 4.6%
<br /> 2007 48,738 46,299 2,439 allaiik 5.0% 4.6% 4.6%
<br /> 2008 49,592 46,531 3,061 6.2% 5.4% 5.8%
<br /> 2009 49,293 44,821 4,472 9.1% 7.8% 9.3%
<br /> 2010 48,990 44,867 4,123 8.4% 7.4% 9.6%
<br /> 2011 48,840 45,355 3,485 7.1% 6.5% 8.9%
<br /> 2012 48,756 45,754 3,002 6.2% 5.6% 8.1%
<br /> 2013 48,909 46,309 2,600 5.3% 4.9% 7.4%
<br /> 2014 49,186 47,001 2,185 4.4% 4.1% 6.2%
<br /> 2015* 49,759 47,646 2,113 4.2% 3.9% 5.5%
<br /> Change 2000-10 11,086 8,119 2,967 5.4% 4.2% 5.6%
<br /> Change 2011-14 346 1,646 -1,300 -2.7% -2.4% -2.7%
<br /> *2015 data is the average from January through September.
<br /> Sources: Minnesota Workforce Center;Maxfield Research&Consulting,LLC
<br /> Covered Employment by Industry
<br /> • Overall, the number of covered jobs in Elk River increased by 44%, or 3,870 jobs since 2000.
<br /> Covered jobs have remained relatively stable with few small declines from 2005 through the
<br /> economic recession. The City of Elk River is currently at its highest point over the period
<br /> with 12,737 jobs in 2014.
<br /> • Nearly all of the growth has occurred in the Education and Health Services sector (61%).
<br /> Without the substantial growth in this industry, the City would still have experienced a gain
<br /> in covered employment, however at a much lesser rate over the period.
<br /> • The Education and Health Services sector has overtaken the Trade,Transportation, and
<br /> Utilities sectors for the largest portion (29%, or 3,745 jobs) of the jobs in Elk River as of 2014
<br /> The Trade, Transportation, and Utilities sector accounted for 22%(2,765 jobs) of covered
<br /> jobs in the City.
<br /> MAXFIELD RESEARCH&CONSULTING,LLC. 24
<br />
|