7.1. HRASR 04-02-2018 - Laserfiche WebLink

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EMPLOYMENT Summary of Employment Trends Resident Labor Force • Resident employment in Sherburne County increased by approximately 12,780 people be- tween 2000 and 2017 (33.7%). • The unemployment rate was in 2017 was 3.9% in Sherburne County compared to 3.6% in Minnesota and 4.4% in U.S. The unemployment rate in Elk River has been steadily declining since its high in 2009 of 9.1%. Covered Employment by Industry • The average number of employees rose 30.8% (2,734) between 2000 and 2016 in Elk River. In Elk River, Trade, Transportation, and Utilities accounted for the largest proportion of em- ployment, making up 25% of employment by industry in 2016. Education and Health Ser- vices has the next highest concentration of employees at 20%. MAXFIELD RESEARCH AND CONSULTING 18 TABLE E-4 MAJOR EMPLOYERS CITY OF ELK RIVER 2017 Employer Products/Services Employee Count ISD #728 Education 1,125 Sherburne County Government 595 Cretex Companies, Inc. Precast Concrete Products 550 Wal-Mart Retail Store 354 Coborn's Grocery Store 265 Great River Energy Electric Utility 250 Elk River Nursing Home Nursing Care 240 Guardian Angels of Elk River, Inc Nursing Care/Housing 200 The Home Depot Retail Store 200 Sportech, Inc Plastics Thermoforming 185 City of Elk River Government 183 Tescom Corporation Pressure Control Devices 173 Menards Retail Store 150 First National Financial Services Financial Institution 142 Avalon Home Care Home Health Care 110 E & O Tool and Plastics, Inc Injection Molding 110 The Bank of Elk River Financial Institution 107 Metal Craft Machine & Engineering Precision Machining 105 Cub Foods Grocery Store 100 Total 5,144 Sources: Sherburne County; City of Elk River; Maxfield Research & Consulting, LLC Summary of Employment Trends Resident Labor Force • Resident employment in Sherburne County increased by approximately 12,780 people be- tween 2000 and 2017 (33.7%). • The unemployment rate was in 2017 was 3.9% in Sherburne County compared to 3.6% in Minnesota and 4.4% in U.S. The unemployment rate in Elk River has been steadily declining since its high in 2009 of 9.1%. Covered Employment by Industry • The average number of employees rose 30.8% (2,734) between 2000 and 2016 in Elk River. In Elk River, Trade, Transportation, and Utilities accounted for the largest proportion of em- ployment, making up 25% of employment by industry in 2016. Education and Health Ser- vices has the next highest concentration of employees at 20%. MAXFIELD RESEARCH AND CONSULTING 18