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Business Dissolutions Cut by One-third in West Central Region <br /> The West Central region's economy entered a stable period during the summer of 1995. <br /> Although the region's economy slowed after two quarters of exemplary job creation <br /> • performance, the number of business closings declined by one-third from the previous quarter, <br /> reducing the number of terminated jobs by more than one-fourth. However, new business <br /> formation was also slower during this quarter, causing a slight drop in the number of start-up <br /> jobs. <br /> The number of expansion jobs fell by 26 percent because of moderating growth among retail West Centrul <br /> trade and service businesses. Manufacturers of lumber and wood products and paper and allied Region <br /> products did not increase their work force during this quarter. <br /> 3rd Quarter, 1995 <br /> Number of Business Establishments <br /> Births Dissolutions Expansions Contractions <br /> Industry No. Rate(%) No. Rate(%) No. Rate(%) No. Rate(so) <br /> Agriculture D D 4 1.8 4 1.8 D D <br /> Mining 0 0.0 0 0.0 0 0.0 0 0.0 <br /> Construction 17 2.8 10 1.7 6 1.0 5 0.8 <br /> Manufacturing 4 1.4 0 0.0 D D D D <br /> Trans., Comm., Utilities 9 3.3 D D D D D D <br /> Wholesale Trade 5 1.3 D D 0 0.0 D D <br /> Retail Trade 27 2.0 26 1.9 14 1.0 8 0.6 <br /> Finance, Ins., Real Estate 11 2.3 D D 0 0.0 D D <br /> Services 38 2.4 18 1.2 D D 6 0.4 <br /> Public Administration D D 0 0.0 D D 0 0.0 <br /> TOTAL 3rd Qtr., 1995 121 2.2 71 1.3 34 0.6 26 0.5 <br /> TOTAL 2nd Qtr., 1995 139 2.5 106 1.9 38 0.7 22 0.4 <br /> TOTAL 3rd Qtr., 1994 112 2.0 59 1.1 52 0.9 20 0.4 <br /> Number of Jobs <br /> Births Dissolutions Expansions Contractions <br /> Industry No. Rate(%) No. Rate(%) No. Rate(%) No. Rate(so) <br /> Agriculture D D 7 0.4 39 2.5 D D <br /> Mining 0 0.0 0 0.0 0 0.0 0 0.0 <br /> Construction 35 1.1 6 0.2 160 5.2 119 3.8 <br /> Manufacturing 7 0.1 0 0.0 D D D D <br /> Trans., Comm., Utilities 36 1.2 D D D D D D <br /> Wholesale Trade 6 0.2 D D 0 0.0 D D <br /> Retail Trade 133 0.8 141 0.9 198 1.3 109 0.7 <br /> Finance, Ins., Real Estate 16 0.7 D D 0 0.0 D D <br /> Services 105 0.4 19 0.1 D D 107 0.4 <br /> Public Administration D D 0 0.0 D D 0 0.0 <br /> TOTAL 3rd Qtr., 1995 374 0.6 180 0.3 568 0.9 490 0.8 <br /> TOTAL 2nd Qtr., 1995 397 0.6 248 0.4 770 1.2 411 0.6 <br /> TOTAL 3rd Qtr., 1994 333 0.5 71 0.1 1,032 1.6 293 0.5 <br /> D = Suppressed to avoid disclosure of individual company data <br /> West Central Counties: Becker, Clay, Douglas, Grant, Otter Tail. Pope, Stevens, Traverse and Wilkin. <br /> • Note: See notes on Page 13 of Report for Terms, Definitions and Sources. <br /> 7 <br />