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Year-to-year employment metrics improving <br /> Employment <br /> • Sherburne County:slightly higher than • Elk River is an exporter of workers <br /> state-wide unemployment rate • 18%of Elk River residents work <br /> • Key Sherburne Co. Industry Sector Jobs: in Elk River <br /> • 976 net job loss <br /> • Education and Health Services: 29% <br /> • Avg.wages(2014) <br /> • Trade,Transportation and • Elk River:$36,920 <br /> Utilities: 22% • Sherburne County:$39,572 <br /> Labor Force&Unemployment Trends Minnesota:$51,984 <br /> •2000 to 2015 <br /> 60,000 - 12.0% <br /> —Minnesota—U.S.—Sherburne County <br /> 50,000 — 10.0% <br /> 6.0% E. <br /> 20000 ' ' / , - \ ' 1 1 1 1 , ' 4.0% V <br /> 000 0 <br /> 1111 11 11111 12. <br /> 10, <br /> 0 IiII � 1111110.0% <br /> es ti ti tip°ry�1 ~� 'o�~+�� � �� • Maxfield <br /> '2015 Data is from January through September. `)i,... h&(.OfY$tlitlfl;l <br /> Slowdown in housing starts since recession... <br /> New Construction Activity American Community Survey(2013) <br /> ' 2,972 housing units constructed in Elk ➢ Newer Housing stock(Elk River): <br /> River(2000-2014) • 27%built in the 2000s <br /> • Avg.371 units/year(2000-05) • 22%built in the 1990s <br /> • Avg.66 units/year(2010-15) • 21%built in the 1980s <br /> • 30%of total units multifamily since <br /> 2010 ➢ Single Family Detached:86%of all <br /> owner-occupied housing structures <br /> Residential New Construction(Units) <br /> Elk River 2000-2015` as of 2013 <br /> 600 <br /> e Multifamily •Single-Family ➢ 81%of Elk River owners have <br /> 500 1 _ mortgage <br /> 20, f1,111 <br /> 11 / 11111 <br /> 0 1 / 1 / 1111 <br /> 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 ►9 Maxfield <br /> Year <br /> '2015 Figures are through 10/6/2015. I <br /> 5 <br />