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Manufacturing and Service Businesses More than Doubled
<br /> Major Expansion Jobs
<br /> Food products and other nondurable goods manufacturing in this region expanded beyond their
<br /> • seasonal highs of the previous summer. This growth more than compensated for the slowdown
<br /> in new and expansion hirings among technology-intensive and durable goods manufacturers in
<br /> the region.
<br /> Major expansions in the service industry more than doubled the number of new jobs created
<br /> by the industry during the previous quarter, with health and business services showing strong Southeast
<br /> growth. This region had the highest rate of expansion job creation, and tied with the Northeast ' '
<br /> region for the lowest rate of job losses from business dissolutions and contractions.
<br /> Consequently, the Southeast region was this quarter's top performer for new job creation and 3rd Quarter, 199-5
<br /> retention.
<br /> Number of Business Establishments
<br /> Births Dissolutions Expansions Contractions
<br /> Industry No. Rate(%) No. Rate(%) No. Rate(%) No. Rate(%)
<br /> Agriculture D D 6 1.3 D D 5 1.1
<br /> Mining 0 0.0 0 0.0 0 0.0 0 0.0
<br /> Construction 28 1.7 27 1.6 11 0.7 12 0.7
<br /> Manufacturing 10 1.0 5 0.5 19 1.9 17 1.7
<br /> Trans., Comm., Utilities 18 1.8 16 1.6 D D D D
<br /> Wholesale Trade 21 1.7 13 1.0 8 0.6 4 0.3
<br /> Retail Trade 89 2.2 61 1.5 21 0.5 30 0.7
<br /> Finance, Ins., Real Estate 26 1.7 23 1.5 0 0.0 D D
<br /> Services 106 2.2 71 1.5 30 0.6 19 0.4
<br /> Public Administration D D 0 0.0 14 2.7 D D
<br /> • TOTAL 3rd Qtr., 1995 313 1.9 222 1.4 111 0.7 94 0.6
<br /> TOTAL 2nd Qtr., 1995 309 1.8 299 1.8 100 0.6 82 0.5
<br /> TOTAL 3rd Qtr., 1994 336 2.0 250 1.5 132 0.8 66 0.4
<br /> Number of Jobs
<br /> Births Dissolutions Expansions Contractions
<br /> Industry No. Rate(%) No. Rate(°o) No. Rate(%) No. Rate(%)
<br /> Agriculture D D 9 0.2 D D 72 2.0
<br /> Mining 0 0.0 0 0.0 0 0.0 0 0.0
<br /> Construction 50 0.5 20 0.2 156 1.6 143 1.5
<br /> Manufacturing 17 0.0 7 0.0 1,358 2.1 660 1.0
<br /> Trans., Comm., Utilities 25 0.2 10 0.1 D D D D
<br /> Wholesale Trade 308 2.3 63 0.5 207 1.6 115 0.9
<br /> Retail Trade 465 0.8 245 0.4 280 0.5 433 0.8
<br /> Finance, Ins., Real Estate 27 0.3 34 0.3 0 0.0 D D
<br /> Services 278 0.3 115 0.1 1,207 1.3 432 0.5
<br /> Public Administration D D 0 0.0 161 1.6 D D
<br /> TOTAL 3rd Qtr., 1995 1,205 0.4 503 0.2 3,579 1.3 1,987 0.7
<br /> TOTAL 2nd Qtr., 1995 889 0.3 750 0.3 1,840 0.7 1,381 0.5
<br /> TOTAL 3rd Qtr., 1994 1,295 0.5 447 0.2 3,324 1.2 1,110 0.4
<br /> D = Suppressed to avoid disclosure of individual company data.
<br /> Southeast Region Counties: Blue Earth, Brown, Dodge, Faribault, Fillmore, Freebont, Goodhue, Houston, Le Sueur, A/artin, ,tlov,e-.
<br /> Nicollet, Obrtsted, Rice, Sibley, Steele, Wabasha, Waseca, Watomvan, and Winona.
<br /> Note: See notes out Page 13 of Report for Terms, Definitions and Sources.
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