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Regional Economy Slows Despite Increase in Expansion Jobs <br /> Several businesses in the retail trade sector doubled the previous quarter's major expansion <br /> hirings, and downsizing eased among large manufacturers and service businesses in the area. <br /> • However, compared to the vigorous summer quarter, the Southeast region's economy turned _ <br /> sluggish during the fall. New jobs from business start-ups fell by one-third, while major <br /> expansion jobs declined by 43 percent. Wholesale trade and retail trade had big drops in <br /> start-up jobs. Food products manufacturing, health services, and business services drastically <br /> reduced expansion jobs during this quarter. <br /> Region Southeast <br /> 4th Quarter, 1995 <br /> Number of Business Establishments <br /> Births Dissolutions Expansions Contractions <br /> Industry No. Rate(%) No. Rate <br /> ( ) No. Rate(/) No. Rate(%) <br /> Agriculture D D D D D D D D <br /> Mining <br /> Construction 16 1.0 0.0 2 13 7 0'0 0 0. <br /> 0.4 18 1.1 1 <br /> � <br /> Manufacturing 9 0.9 10 1.0 17 1.7 12 1.2 <br /> Trans., Comm., Utilities 17 1.7 21 2.1 8 0.8 D D <br /> Wholesale Trade 20 1.6 13 1.0 D D D D <br /> Retail Trade 75 1.9 67 1.7 29 0.7 35 0.9 <br /> Finance, Ins., Real Estate 10 0.7 21 1.4 D D D D <br /> Services 77 1.6 83 1.7 31 0.6 19 0.4 <br /> Public Administration D D D D D D 4 0.9 <br /> • TOTAL 4th Qtr., 1995 233 1.4 240 1.5 103 0.6 95 0.6 <br /> TOTAL 3rd Qtr., 1995 313 1.9 222 1.4 111 0.7 94 0.6 <br /> TOTAL 4th Qtr., 1994 305 1.8 292 1.7 107 0.6 96 0.6 <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 0 0.0 D D 0 0.0 0 0.0 <br /> Construction 90 0.8 30 0.3 95 0.8 203 1.8 <br /> Manufacturing 25 0.0 99 0.1 293 0.4 260 0.4 <br /> Trans., Comm., Utilities 34 0.3 62 0.6 137 1.3 D D <br /> Wholesale Trade 77 0.6 53 0.4 D D p D <br /> Retail Trade 320 0.6 299 0.5 497 0.9 530 1.0 <br /> Finance, Ins., Real Estate 13 0.1 27 0.3 D D D D <br /> Services 209 0.2 186 0.2 628 0.7 354 0.4 <br /> Public Administration D D D D D D 57 0.7 <br /> TOTAL 4th Qtr., 1995 817 0.3 760 0.3 2,025 0.7 1,548 0.6 <br /> TOTAL 3rd Qtr., 1995 1,205 0.4 503 0.2 3,579 1.3 1,987 0.7 <br /> TOTAL 4th Qtr., 1994 1,194 0.4 544 0.2 2,050 0.7 2,213 0.8 <br /> D = Suppressed to avoid disclosure of incliriclual compunv data. <br /> Southeast Region Counties: Blue Earth, Brown. Dodge, Farlbcutlt, Freeborn, Fillnwre, Goodhue. Housum, Le Suety, Martin. hloxer, <br /> Nhollet, olmsted. Rice, Sible,,. Steele, Wabasha, Waseca, LVatxunoan. and Winomt. <br /> • Note. See notes on Page 13 of Report fbr Terms, Definitions and Sources. <br /> 11 <br />