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Business Expansion Sustained Job Growth in Northeast Region <br /> New business formation fell sharply in the northeast region, adversely affecting new job <br /> creation in all major sectors of the local economy. Consistent with DES reports of <br /> manufacturing net job losses during October and November in the Duluth-Superior area, the • <br /> BTS found large job losses from manufacturing business dissolutions during this quarter <br /> (Department of Economic Security, Monthly Labor Market Review, October, November, and <br /> December Issues, 1995). <br /> Northeast Major expansions provided numerous new jobs to offset losses from business downsizing and <br /> Region_ closures. In particular, services and retail trade picked up with the fall tourist season, which <br /> sustained the previous quarter's net job growth. <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 0 0.0 D D 0 0.0 D D <br /> Mining D D D D D D D D <br /> Construction 20 2.5 12 1.5 7 0.9 D D <br /> Manufacturing 10 2.0 10 2.0 D D D D <br /> Trans., Comm., Utilities D D D D 5 1.1 5 1.1 <br /> Wholesale Trade D D D D D D 0 0.0 <br /> Retail Trade 36 1.6 20 0.9 8 0.4 10 0.4 <br /> Finance, Ins., Real Estate D D 7 1.0 D D D D <br /> Services 37 1.3 37 1.3 24 0.8 13 0.5 <br /> Public Administration 0 0.0 0 0.0 D D 0 0.0 <br /> TOTAL 4th Qtr., 1995 130 1.5 103 1.2 52 0.6 38 0.5 • <br /> TOTAL 3rd Qtr., 1995 202 2.4 100 1.2 53 0.6 40 0.5 <br /> TOTAL 4th Qtr., 1994 139 1.6 124 1.4 43 0.5 47 0.5 <br /> Number of Jobs <br /> Births Dissolutions Expansions Contractions <br /> Industry No. Rate(%) No. Rate(%) No. Rate(%) No. Rate(%) <br /> Agriculture 0 0.0 D D 0 0.0 D D <br /> Mining D D D D D D D D <br /> Construction 27 0.5 9 0.2 198 3.7 D D <br /> Manufacturing 48 0.4 139 1.1 D D D D <br /> Trans., Comm., Utilities D D D D 179 3.1 116 2.0 <br /> Wholesale Trade D D D D D D 0 0.0 <br /> Retail Trade 210 0.8 73 0.3 153 0.6 198 0.7 <br /> Finance, Ins., Real Estate D D 31 0.7 D D D D <br /> Services 78 0.2 49 0.1 482 1.1 256 0.6 <br /> Public Administration 0 0.0 0 0.0 D D 0 0.0 <br /> TOTAL 4th Qtr., 1995 419 0.4 351 0.3 1,152 1.0 783 0.7 <br /> TOTAL 3rd Qtr., 1995 757 0.7 255 0.2 1,049 0.9 839 0.7 <br /> TOTAL 4th Qtr., 1994 1,225 1.1 349 0.3 759 0.7 1,002 0.9 <br /> D = Suppressed to avoid disclosure of individual companv data. <br /> Northeast Region Counties: Aitkin. Carlton. Cook, Itasca, Koochiching. Lake. and St. Louis. <br /> Note: See notes on Page 13 of Report for Terms. Definitions and Sources. <br /> 8 <br />