|
Twin Cities' Businesses Created Two of Every Three Major
<br /> Expansion Jobs
<br /> Business services and health services in the Twin Cities area more than doubled their expansion
<br /> hirings during this quarter. Retail trade and finance, insurance and real estate businesses also
<br /> showed impressive growth during this quarter. Among manufacturers, the medical instruments and •
<br /> supplies group led the expansion hirings, followed by industrial machinery and computers,
<br /> fabricated metals, and printing and publishing. The Twin Cities area has 94 percent of total
<br /> Twin Cities employment in the fast growing medical instruments and supplies group, helping the Twin Cities
<br /> Area create two of every three major expansion jobs in the state. On the other hand, the St. Cloud area
<br /> in Central Minnesota has a large concentration of ophthalmic goods manufacturing.
<br /> 3rd Quarter, 1995 Residential development in several Twin Cities suburbs fueled strong growth among general building
<br /> contractors and special trade contractors. Growth among finance and mortgage companies was
<br /> also induced by improved consumer demands for housing, furniture and other consumer durables.
<br /> Number of Business Establishments
<br /> Births Dissolutions Expansions Contractions
<br /> Industry No. Rate(%) No. Rate(%) No. Rate(°o) No. Rate(%)
<br /> Agriculture 32 3.0 D
<br /> Mining 0 0.0 p p 15 1.4 D D
<br /> D 0 0.0 D D
<br /> Construction 181 3.2 113 2.0 83 1.5
<br /> Manufacturing 91 1.9 42 0.9 82 1.7 51 1.0
<br /> Trans., Comm., Utilities 78 3.2 46 1.9 28 1.2 22 0.9
<br /> Wholesale Trade 184 2.5 108 1.5 31 0.4
<br /> Retail Trade 328 2.6 278 2.2 116 0.9 138 1 .1
<br /> Finance, Ins., Real Estate 214 2.9 114 1.5 47 0.6 38 0.5
<br /> Services 967 3.6 398 1.5 226 0.8 156 0.6
<br /> Public Administration 0 0.0 D D 13 2.7 D D
<br /> TOTAL 3rd Qtr., 1995 2,075 3.0 1,113 1.6
<br /> 641 0.9 496 0.7
<br /> TOTAL 2nd Qtr., 1995 1,766 2.5 1,621 2.3 507 0.7 380 0.5
<br /> TOTAL 3rd Qtr., 1994 1,999 2.9 1,363 2.0 556 0.6 419 0.6
<br /> Number of Jobs
<br /> Births Dissolutions Expansions Contractions
<br /> Industry No. Rate(%) No. Rate % o
<br /> Rate(%) No. Rate(/,) No. Rate(%)
<br /> Agriculture 81 1.0 D D 175 2 2 D
<br /> Mining 0 0.0 p D
<br /> D 0 0.0 D D
<br /> Construction
<br /> 234 0.5 191 0.4 1,624 3.2 1,067 2.1
<br /> Manufacturing 926 0.4 227 0.1 2,077 0.8 1,863 0.8
<br /> Trans., Comm., Utilities 151 0.2 162 0.2 654 0.9 630 0.8
<br /> Wholesale Trade 329 0.3 405 0.4 502 0.5 421 0.4
<br /> Retail Trade 2,478 1.0 1,281 0.5 2,184 0.9 2.514 1.0
<br /> Finance, Ins., Real Estate 392 0.4 221 0.2 1,045 1.0 1,168 1.1
<br /> Services 2,183 0.5 1,061 0.2 7,083 1.5 ?.544 0.8
<br /> Public Administration 0 0.0 D D 312 0.9 p
<br /> D
<br /> TOTAL 3rd Qtr., 1995 6,774 0.5 3,550 0.3 15,656 1.2 1'.370 0.9
<br /> TOTAL 2nd Qtr., 1995 5,457 0.4 3,457 0.3 10,633 0.8 -.098 0.6
<br /> TOTAL 3rd Qtr., 1994 6,621 0.5 2,786 0.2 14,497 1.1 :.925 0.8
<br /> D= Suppressed to avoid disclosure of individual sampans data.
<br /> Turin Cities Region Counties: Anoka, Caner. Dakota, Hennepin. Ramses, Scott mui 4Vasiwtn t a.
<br /> Note. See notes on Page 13 of Reporr fur Terms. Definitions and Sources.
<br /> •
<br /> 12
<br />
|