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Construction Was Source for Large Number of Expansion Jobs <br /> During the summer and fall quarters, construction was an important source of expansion jobs <br /> in the West Central region. Building and special trade contractors expanded during the 1995 <br /> construction season, while highway and heavy construction slowed down. <br /> • Overall, new business formation and job creation declined sharply in the West Central region <br /> during this quarter. The large service sector had fewer new businesses and new jobs; while <br /> business dissolutions increased sharply. Retail trade showed a slight increase in start-up jobs <br /> from a smaller number of new companies. West CentrW <br /> Region <br /> 4th Quarter, 1995 <br /> Number of Business Establishments <br /> Births Dissolutions Expansions Contractions <br /> Industry No. Rate(%) No. Rate(%) No. Rate(%) No. Rate(%) <br /> Agriculture D D D D D D D D <br /> Mining D D 0 0.0 0 0.0 0 0.0 <br /> Construction 11 1.9 23 4.0 7 1.2 9 1.6 <br /> Manufacturing 9 3.1 D D D D D D <br /> Trans., Comm., Utilities 6 2.2 D D D D 0 0.0 <br /> Wholesale Trade 5 1.3 7 1.9 D D D D <br /> Retail Trade 21 1.5 17 1.2 9 0.7 10 0.7 <br /> Finance, Ins., Real Estate 4 0.8 5 1.0 0 0.0 0 0.0 <br /> Services 18 1.2 32 2.1 7 0.5 7 0.5 <br /> Public Administration 0 0.0 0 0.0 0 0.0 D D <br /> • TOTAL 4th Qtr., 1995 79 1.5 90 1.7 33 0.6 31 0.6 <br /> TOTAL 3rd Qtr., 1995 121 2.2 71 1.3 34 0.6 26 0.5 <br /> TOTAL 4th Qtr., 1994 89 1.6 94 1.7 33 0.6 23 0.4 <br /> Number of Jobs <br /> Births Dissolutions Expansions Contractions <br /> Industry No. Rate(%) No. Rate(%) No. Rate(%) No. Rate(%) <br /> Agriculture D D D D D D D D <br /> Mining D D 0 0.0 0 0.0 0 0.0 <br /> Construction 11 0.3 5 0.1 114 3.2 122 3.5 <br /> Manufacturing 28 0.3 D D D D D D <br /> Trans., Comm., Utilities 5 0.1 D D D D 0 0.0 <br /> Wholesale Trade 8 0.2 50 1.5 D D D D <br /> Retail Trade 146 0.9 82 0.5 138 0.9 156 1.0 <br /> Finance, Ins., Real Estate 15 0.6 3 0.1 0 0.0 0 0.0 <br /> Services 63 0.3 142 0.7 114 0.6 149 0.7 <br /> Public Administration 0 0.0 0 0.0 0 0.0 D D <br /> TOTAL 4th Qtr., 1995 291 0.5 292 0.5 513 0.8 474 0.8 <br /> TOTAL 3rd Qtr., 1995 374 0.6 180 0.3 568 0.9 490 0.8 <br /> TOTAL 4th Qtr., 1994 378 0.6 150 0.2 871 1.4 503 0.8 <br /> D = Suppressed to avoid disclosure of individual company data. <br /> Wert Central Counties: Becker, Cla,', Douglas, Grant, Otter Tail. Pope, Traverse, Stevens and Wilkin. <br /> Note: See notes on Page 13 of Report for Terms. Definitions and Sources. <br /> • <br /> 7 <br />