6.0. EDSR 03-14-2005 - Laserfiche WebLink

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INFORMATIONDigging Into The Data (Continued from page I) The four charts in this newsletter show how these conclusions were drawn. Charts 1 and 2 show the breakdown of the number of establishments by industry for both the Twin Cities and out-state Minnesota. Charts 3 and 4 show the full spectrum of data, including establishments, employment and wages. ESTABLISHMENTS In terms of the number of establishments,the largest industries in the Twin Cities are(in order): Trade,Transportation and Utilities(TTU);Professional and Business Services;and Financial Activities. Together,these industries account for almost 60%of the total number of establishments. This can be seen in Chart 1. In out-state Minnesota,the mix is slightly different,as shown in Chart 2. While,Trade,Transportation and Utilities is still the largest industry in terms of numbers of establishments,the percent of total establishments is much higher(30.2% compared to 22.2%in Twin Cities). Construction is second largest,followed by Professional and Business Services. These three industries are responsible for about 55%of total establishments in out-state Minnesota. Establishment data is intriguing because it indicates the mix of businesses in an region. For instance,the data states that 30%of all businesses located in Chart 3: Establishments, Employment and Wages out-state Minnesota are involved in Out State MN, 2003 in Trade,Transportation and Utili- ties activities. Digging deeper i�� ■NR/Mining into the data,roughly half of those k establishments are engaged in re Wages ■Construction tail trade. Approximately 35%are _= ❑Manufacturing in wholesale trade, 14%in trans- portation and warehousing and Ems+ -nuinformation l %in utilities. �� •information Ni Financial Act While the number of establish- ments is illustrative,looking at the Est ` £ •Prof/Business number of establishments in con- Est o Ed/Health junction with employment and •Leisure/Hose wages is even more insightful. 0% 20% 40% 60% 80% 100% Charts 3 and 4 show all three •Other Services measures(total wages,employ- ment and establishments)on one Chart 4: Establishments, Employment and Wages in chart. While at first glance the Twin Cities, 2003 charts appear difficult to interpret, taking a slow approach yields amiNNENNimommismommuNimmwiNommom NR/Ninin g wealth of information. Wages ■Construction WAGES 0 Manufacturing First,focus purely on total wages. This bar represents total wages for TTU the region and how each industry Emp ■Information contributes to the total amount of -= ■Financial Act wages. In out-state Minnesota the chart reveals that Manufacturing is Est _ •ProfBusiness the largest contributor to total im Ed/Health wages,followed by Trade,Trans- ° ° ° 60% ° •Leisure/Hos portation and Utilities and then 0% 20% 40% 80% 100% • Education and Health Services. ■Other Services (Continued on page 3) Page 2 NEWSLETTER