5.0. EDSR 07-12-2004 - Laserfiche WebLink

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Unemployment Insurance Activity 41/ INITIAL CLAIMS FOR UNEMPLOYMENT Table 8. Initial Unemployment Claims by Industry INSURANCE Unemployed workers in the region filed NAICS 25,208 Initial Claims for unemployment Code Industry 2001 2002 insurance in 2003. This was an increase 11 Ag, Forest, Fishing 130 186 of 17 percent from 2001. Despite the 21 Mining 102 111 job growth in the area, unemployment 22 Utilities 220 354 rates, exhaustions*, and average 23 Construction 6,413 8,499 unemployment duration have all 31-33 Manufacturing 5,656 4,647 42 Wholesale Trade 799 888 shown increases during the recession 44-45 Retail Trade 2,726 2,987 and recovery. (See Table 8.) 48-49 Transportation&Warehousing 656 681 (* Exhaustions are the number of 51 Information 181 222 persons that have used their entire 52 Finance& Insurance 215 275 benefit.) (See Table 9.) 53 Real Estate, Rental& Leasing 154 230 54 Professional, Scientific,Technical 904 785 Goods-producing industries (NAICS 55 Mgmt of Companies & Enterprises 6 19 56 Admin Support&Waste Services 1,438 1,794 Codes 1-33) account for 60 percent of 61 Educational Services 378 463 all claims filed. However, 62 Health Care and Social Services 479 707 manufacturing started an encouraging 71 Arts, Entertainment, and Recreation 129 170 trend of fewer layoffs and fewer initial 72 Accommodation and Food Services 386 468 claims since 2001. 81 Other Services (except Public Admin) 290 372 92 Public Administration 136 139 The count of Initial Claims is not a TOTAL, 21,550 24,075 count of people, as some workers file multiple claims during the year. This is Source:DEED, Labor Market Information Office. Unemploy- O most noticeable in construction and ment Insurance Statistics. Online at www.deed.sfate.mn.us/ other seasonal industries. Construction Imi/tools/ui/ is responsible for almost 37 percent of all Initial Claims. Table 9. Exhaustions of Unemployment CONCLUSIONS Region 7W and the St. Cloud area is a vital, Insurance Benefits: Region 7W growing regional center in the middle of Average Minnesota. The total labor force in the region has duration of reached 200,000 and is growing rapidly both Benefits benefits through increased in-migration and healthy exhaustions (weeks) demographic changes. 2001 Total 2,505 12.7 This growth has provided area employers with a 2002 Total 4, 88 14.2 highly-skilled, available work force and a steady 2003 Total 4,5588 14.1 consumer base. While St. Cloud draws workers Source:DEED, Labor Market Information Office. Unem- from surrounding communities, many Sherburne ployment Insurance Statistics. Online at and Wright County residents commute elsewhere www.deed.state.mn.us/Imi/tools/unemployment/ui/ for work. Labor force participation rates in the Figure 13. Selected Poverty Rates: area are above the already-high state of Region 7W, 2000 Minnesota rates, especially for women. All ages 6.6'0 With nine post-secondary training institutions in .1111=iii. the immediate area, the St. Cloud area offers 65 and over1111111.11111119.1% one of the most well-educated, technical work 18 to 64 6.4°. forces in a state that is well-known for MEMINIM educational excellence. Enrollments are Under 18 6.1% increasing at many of the area education 0% 2% 4% 6% 8% 10% institutions. our e• ,,C-n us 'ur-•4.c- ,P9 . 10 June 2004