May 31st, 2023
Mankato, MN – According to recently published data from the Bureau of Labor Statistics, Greater Mankato has set all-time high employment and payroll records for the months of March and April. In addition to setting local records, the region led the state in both categories for year-over-year growth.
Data coming from the Local Area Unemployment Statistics Program, which was released today, shows that Greater Mankato set a record high for April with 61,397 employed residents. This is a growth of 716 compared to the previous April high of 60,681 set in April 2019.
In a separate report released earlier this month, Greater Mankato’s nonfarm payroll of 58,600 also set an all-time high compared to the previous record of 58,300. Non-farm payroll captures the majority of paid positions in the community including second jobs and jobs for individuals who commute from outside Greater Mankato. It does not include some categories of workers such as self-employed individuals, some remote workers, and farm laborers.
About the Regional Economic Development Alliance
In 2009, the Regional Economic Development Alliance (REDA) began with a progressive group of communities and counties joining together with Greater Mankato Growth in business attraction and development efforts. REDA participants include Eagle Lake, Lake Crystal, Mankato, North Mankato, Saint Peter, Blue Earth County, and Nicollet County. By working together, the group is able to efficiently provide regional and individual city and county information to businesses interested in the Greater Mankato marketplace. As a result of promoting the individual strengths of each community, along with the combined assets of the regional marketplace, all experience collective success.
About Greater Mankato Growth
Greater Mankato Growth, Inc. (GMG) is comprised of four business units; Greater Mankato Growth, the regional chamber of commerce and economic development organization; Visit Mankato, the local destination management organization; City Center Partnership, a downtown development organization; and GreenSeam, which utilizes agriculture to build on the region’s extensive agribusiness assets to develop the ag economy.