7.0. EDSR 05-12-2003 - Laserfiche WebLink

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1)iiiiiik t 4 ,, fdNINTH DISTRICT FEATURE /y 2oo3 Manufacturin employment down 'z^'°'"'�`�'��`;��'28r in urban and rural areas •Egtwee. 22% •.5747Q,,e%pi;/3 /s V '2u.bh.� jP `/CA 5°7, By ROB GRUNEWALD overall Minnesota trend in urban/rural with MSAs in the mid-1990s and deeper Regional Economic Analyst manufacturing employment include fab- rates of decline in mid-2001 through ricated metal products, industrial 2002. © GO1111 The recession in the U.S. economy dur- machinery and equipment, instruments In July 2 ing 2001 hit the manufacturing sector and related products, paper and allied Visit minneapolisfed.org for detailed charts vacancy hard nationally and in the Ninth District. products, and rubber and miscellaneous of district manufacturing employment. Februar' Over 117,000 district manufacturing jobs plastic products. All of these industries percent, were lost between the sector's peak in demonstrated stronger growth in rural Eva Lassemo, research assistant, contributed The Sio August 2000 and December 2002, a 4.4 manufacturing employment compared to this article. the nati( percent annual decrease. national However, recent declines in manufac- slow ecc DISTRICT MANUFACTURING' EMPLOYMENT wring employment come in the context . labor m of an industry that has displayed softManufacturing Employment as a Percent Annual Percent Change uncertai employment growth for decades. of Total Nonfarm Employment During Decade moving Manufacturing employment hasn't kept 35 3.5 money. par th overall employment. From Employment But a: 195 o 2000 district manufacturing 30 IN Percent Change 3 0 least,wa employment increased 1.1 percent at aning boo] 2.5 annual rate, while total nonfarm 25 permits employment increased at a 2.2 percent20 1 I IIII 111111111111112 0 ble the fi annual rate. In addition, the percent15 ® to an o share of district manufacturing employ- 5 accordin 1. ment as a percent of total nonfarm1Low is employment decreased from 30 percent 0 1 •® ' PI 1 0 cal quirt in 1950 to 17.5 percent in 2000. 5e. IN In 5 cally low Some have expressed concern that renters I recent declines in manufacturing UTI1ing to a employment have hurt firms in rural 0 0 rental u areas more than manufacturers in urban 1950 1960 1970 1980 1990 2000 make it areas. However, recent decreases in dis- finance trict manufacturing employment were plexes, a generally spread evenly, among urban MINNESOTA MANUFACTURING EMPLOYMENT doing ju and rural areas. (Based on manufactur- (Percent Change from a Year Earlier) 133 new ing employment numbers for district 8 2003, co states and metropolitan statistical areas6 A 1 two mon (MSAs), two-thirds of manufacturing iiii! Rural rwvklit dirA jobs were located in MSAs during 2000.) 4 'f 411 From the mid-1990s through 2002, 2 r t f Grow manufacturing employment in urban 0 B 2025, and rural areas increased and decreased Urban y at s' rates in all states, except Minn- -2 y rural Sol esoere non-MSA employment grew _4 or olde about 3 percent faster than manufacturing increasir employment in MSAs from 1991 to 1997. -6 find the However,from mid 2001 to 2002 manufac- _g there's e turing employment in rural Minnesota IV, i —10 ' Dakota's decreased about 4 percent more than 1992 1994 1996 1998 2000 2002 MSA manufacturing employment of every Source.U.S.Bureau of Labor Statistics a„t