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<br />Labor Force Data
<br />
<br /> Annual Average March
<br /> 2017 2018 2019 2020 2021
<br />
<br />Labor Force:
<br /> Sherburne County 51,363 51,700 52,364 51,780 51,512
<br /> State of Minnesota 3,057,358 3,071,433 3,109,647 3,094,701 3,003,073
<br />Unemployment Rate:
<br /> Sherburne County 3.7% 3.2% 3.6% 5.8% 4.9%
<br /> State of Minnesota 3.4 2.9 3.2 6.2 4.5
<br />
<br />Source: Minnesota Department of Employment and Economic Development,
<br /> https://apps.deed.state.mn.us/lmi/laus/. 2021 data are preliminary.
<br /> Retail Sales and Effective Buying Income (EBI)
<br />
<br />City of Elk River
<br />
<br /> Data Year/ Total Retail Total Median
<br /> Report Year Sales ($000) EBI ($000) Household EBI
<br />
<br /> 2020/21 $508,576 $725,138 $72,858
<br /> 2019/20 559,875 782,088 78.326
<br /> 2018/19 515,409 743,125 75,458
<br /> 2017/18 494,983 691,908 70,030
<br /> 2016/17 637,893 697,764 68,376
<br />
<br />Sherburne County
<br />
<br /> Data Year/ Total Retail Total Median
<br /> Report Year Sales ($000) EBI ($000) Household EBI
<br />
<br /> 2020/21 $1,144,821 $2,691,916 $70,612
<br /> 2019/20 1,242,464 2,955,197 75,680
<br /> 2018/19 1,188,828 2,748,858 82,687
<br /> 2017/18 1,063,365 2,519,649 67,255
<br /> 2016/17 1,101,277 2,502,175 66,377
<br />
<br />The 2020/21 Median Household EBI for the State of Minnesota was $62,120. The 2020/21 Median
<br />Household EBI for the United States was $56,093.
<br />Sources: Environics Analytics, Claritas, Inc. and The Nielsen Company.
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