5.0. EDSR 07-12-2004 - Laserfiche WebLink

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Demographics: Unemployment, Education, Immigration • UNEMPLOYMENT Figure 8. Unemployment Rates: Despite continuing job growth, Region 7W's Region 7W, Minnesota, and US, 2000-2003 unemployment rate has closely tracked that of the state over time. This is due to the high levels 7% of in-migration, which have led to a rapidly increasing labor force. Region 7W ended 2003s , % at 5.3 percent, which was slightly higher than the state's 5.0 percent rate, but lower than the d 5°i° U.S. rate of 6.0 percent. (See Figure 8.) E 1111.11 c 4% Unemployment rates were very similar through- out the region. Stearns County had the lowest ' 3°/° rate at 4.8 percent, while Sherburne County 2% i posted the highest year-end rate at 5.8percent. 2000 2001 2002 2003 EDUCATION —oUnited States -is-Minnesota tEDR7W Region 7W offers a well-educated labor force and is home to several post-secondary institutions providing technical and advanced Source:DEED, Labor Market Information Office. educational programs. St. Cloud State Univ. is Local Area Unemployment Statistics (LAUS). the largest institution in the area, serving over Online at www.deed.state.mn.us/Imi/tools/ 16,000 students in 2002. Over 87 percent of the laus/ population aged 25 years and over has at least IMMIGRATION a high school diploma; about 14 percent have Less than 75 percent of the region's residents a bachelor's degree or higher. (See Figure 9.) lived in the same county in 2000 as in 1995. In- Over half (53 percent) of the population has migration has become very important to the area, as the Twin Cities metro area stretches attended some college, including close to 8 farther north and west, almost connecting with percent with an associate's degree, one of the the St. Cloud metro area, which is expanding best rates of technical education in the state. east and south along Interstate 94. (See Table 7.) Figure 9. Educational Attainment of Region 7W's Table 7. Migration, 1995-2000, of Region Adult Residents, 25 Years and Older: 2000 7W's Year 2000 Residents Advanced M5,017 Region's Degree 5,91• 2000 Bachelors 14,093 Place of Residence in 1995 Population 2,891 Same house in 1995 168,923 56.7% Associate's 7, 89 Same county in 1995 49,826 16.7% 7,.91 Came from other county 60,543 20.3% 26,015 Other state 14,090 4.7% Some College ,931 Other nation 2,194 0.7% High School 32,495 Total 297,886 100.0% Diploma 33,401 < 12th Grade 11,355 - 12,899 ■Male ■Female Source:U.S. Census Bureau. Census 2000, SF-3 8 June 2004