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08-16-95
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08-16-95
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Manufacturing and Service Businesses Boost Hirings in <br /> Northwest and West Central Regions <br /> New businesses in the Northwest region created three times as many jobs as the previous <br /> quarter's start-ups, resulting in a rate of job creation well above the other six regions. <br /> Although the Twin City Area had a higher rate of business start-ups (2.9 percent) compared to <br /> the Northwest region (2.4 percent), new businesses in the Northwest region tended to be <br /> larger than in the Twin City Areas <br /> Regional Large manufacturing and service companies in the Northwest and West Central Regions continued <br /> Analysis major expansions after a turn-around in eariv 1994. In the Central and Southern regions, major <br /> business expansions improved markedly over the previous quarter, raising their rates of new . <br /> 3rd Quarter, 1994 job creation to the state average. In these regions, expanding manufacturing companies created <br /> more jobs than expanding retail trade. In the Twin City Area, major manufacturing expansions <br /> continued from the previous quarter, while retail trade experienced a slowdown. <br /> Northwest Region More than Doubled State Average Rate of New Job Creation <br /> 3 <br /> 2 <br /> Percent of <br /> Wage and <br /> Salary Jobs 1.1 <br /> 1 - •0.5 0.5 0.5 0 4 0'6 0.5 0.5 <br /> 0 • <br /> Statewide Northwest West Central Northeast Southwest Central Southeast Twin Cities <br /> Region Region Region Region Region Region Area <br /> Northwest and West Central Regions Led in Rate of Job Creation from <br /> Business Expansions <br /> 3 <br /> 2.2 <br /> Percent of 1.6 <br /> Wage and <br /> Salary Jobs 1.2 1.2 1.2 1.2 1.1 <br /> 1 0.9 <br /> 0 <br /> Statewide Northwest West Central Northeast Southwest Central Southeast Twin Cities <br /> Region Region Region Region Region Region Area <br /> • <br /> s <br />
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