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EMPLOYMENT ANALYSIS
<br />Covered Employment by Industry
<br />• Overall, the number of covered jobs in Elk River increased by 44 %, or 3,870 jobs since 2000.
<br />Covered jobs have remained relatively stable with few small declines from 2005 through the
<br />economic recession. The City of Elk River is currently at its highest point over the period
<br />with 12,737 jobs in 2014.
<br />• Nearly all of the growth has occurred in the Education and Health Services sector (61 %).
<br />Without the substantial growth in this industry, the City would still have experienced a gain
<br />in covered employment, however at a much lesser rate over the period.
<br />The Education and Health Services sector has overtaken the Trade, Transportation, and
<br />Utilities sectors for the largest portion (29 %, or 3,745 jobs) of the jobs in Elk Rlver as of 2014
<br />The Trade, Transportation, and Utilities sector accounted for 22% (2,765 jobs) of covered
<br />jobs in the City.
<br />MAXFIELD RESEARCH & CONSULTING, LLC. 24
<br />TABLE E -1
<br />RESIDENT
<br />EMPLOYMENT (ANNUAL AVERAGE)
<br />SHERBURNE COUNTY
<br />2000 to 2015*
<br />Total
<br />Minnesota
<br />U.S.
<br />Labor
<br />Total
<br />Total Unemployment
<br />Unemployment
<br />Unemployment
<br />Year
<br />Force
<br />Employed
<br />Unemployed
<br />Rate
<br />Rate
<br />Rate
<br />2000
<br />37,904
<br />36,748
<br />1,156
<br />3.0%
<br />3.2%
<br />4.0%
<br />2001
<br />39,496
<br />38,001
<br />1,495
<br />3.8%
<br />3.8%
<br />4.7%
<br />2002
<br />41,524
<br />39,552
<br />1,972
<br />4.7%
<br />4.5%
<br />5.8%
<br />2003
<br />43,310
<br />41,090
<br />2,220
<br />5.1%
<br />4.9%
<br />6.0%
<br />2004
<br />45,025
<br />42,780
<br />2,245
<br />5.0%
<br />4.7%
<br />5.6%
<br />2005
<br />46,529
<br />44,513
<br />2,016
<br />4.3%
<br />4.1%
<br />5.1%
<br />2006
<br />48,064
<br />45,991
<br />2,073
<br />4.3%
<br />4.0%
<br />4.6%
<br />2007
<br />48,738
<br />46,299
<br />2,439
<br />5.0%
<br />4.6%
<br />4.6%
<br />2008
<br />49,592
<br />46,531
<br />3,061
<br />6.2%
<br />5.4%
<br />5.8%
<br />2009
<br />49,293
<br />44,821
<br />4,472
<br />9.1%
<br />7.8%
<br />9.3%
<br />2010
<br />48,990
<br />44,867
<br />4,123
<br />8.4%
<br />7.4%
<br />9.6%
<br />2011
<br />48,840
<br />45,355
<br />3,485
<br />7.1%
<br />6.5%
<br />8.9%
<br />2012
<br />48,756
<br />45,754
<br />3,002
<br />6.2%
<br />5.6%
<br />8.1%
<br />2013
<br />48,909
<br />46,309
<br />2,600
<br />5.3%
<br />4.9%
<br />7.4%
<br />2014
<br />49,186
<br />47,001
<br />2,185
<br />4.4%
<br />4.1%
<br />6.2%
<br />2015*
<br />49,759
<br />47,646
<br />2,113
<br />4.2%
<br />3.9%
<br />5.5%
<br />Change 2000 -10
<br />11,086
<br />8,119
<br />2,967
<br />5.4%
<br />4.2%
<br />5.6%
<br />Change 2011 -14
<br />346
<br />1,646
<br />-1,300
<br />-2.7%
<br />-2.4%
<br />-2.7%
<br />* 2015 data is the average from January through September.
<br />Sources: Minnesota Workforce Center; Maxfield Research & Consulting, LLC
<br />Covered Employment by Industry
<br />• Overall, the number of covered jobs in Elk River increased by 44 %, or 3,870 jobs since 2000.
<br />Covered jobs have remained relatively stable with few small declines from 2005 through the
<br />economic recession. The City of Elk River is currently at its highest point over the period
<br />with 12,737 jobs in 2014.
<br />• Nearly all of the growth has occurred in the Education and Health Services sector (61 %).
<br />Without the substantial growth in this industry, the City would still have experienced a gain
<br />in covered employment, however at a much lesser rate over the period.
<br />The Education and Health Services sector has overtaken the Trade, Transportation, and
<br />Utilities sectors for the largest portion (29 %, or 3,745 jobs) of the jobs in Elk Rlver as of 2014
<br />The Trade, Transportation, and Utilities sector accounted for 22% (2,765 jobs) of covered
<br />jobs in the City.
<br />MAXFIELD RESEARCH & CONSULTING, LLC. 24
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