Laserfiche WebLink
Southwest Region Cut Job Loss from Business Closings and <br /> Contractions <br /> There were more small business start-ups in retail trade and service industries this quarter, <br /> which raised the total number of new businesses but not the total number of new jobs. The <br /> number of business closings and major contractions declined From last quarter. cutting job <br /> losses by 38 percent. <br /> Manufacturers of computers. chemicals and plastic products accounted for Four of every Five <br /> expansion jobs in manufacturing. Expansion jobs increased 78 percent in the service industry. Southwest <br /> primarily in health services, education and local government. Some local government agencies Region <br /> significantly increased hiring this quarter, presumably to repair flood damage to public parks <br /> and other facilities. <br /> 3rd Quarter, 1994 <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 -1.9 a 1.3 D D <br /> Mining 0 0.0 0 0.0 0 0.0 0 0.0 <br /> Construction D 0 -15 -1.7 5 0.6 11 1.2 <br /> Manufacturing 8 1.17 0 D 7 1.5 4 0.9 <br /> Trans,Comm,Utilities 10 1.8 -10 •1.8 D D D D <br /> Wholesale Trade 12 1.7 -11 -1.6 7 1.0 0 0.0 <br /> Retail Trade 29 1.5 -41 -2.1 D D 4 0.2 <br /> Finance, Ins., Real Estate 10 1.2 D D 0 D D D <br /> Services 54 2.4 -39 -1.7 17 0.7 8 0.4 <br /> • Public Administration D 0 0 0.0 18 4.8 0 0.0 <br /> TOTAL 3rd Qtr., 1994 164 2.0 -128 -1.5 61 0.7 34 0.4 <br /> TOTAL O L 2nd Qtr., 1994 138 1.6 •139 -1.7 <br /> 56 0.7 44 0.5 <br /> TOTAL 3rd Qtr., 1993 1'S _. -100 ?2 59 0.7 33 3.E <br /> Number of Jobs <br /> Births Dissolutions Expansions Contractions <br /> Industry No. Rate(%) No. Rate(%) No. Rate(%) No. Rate(%) <br /> Agriculture D D -14 -0.5 93 3.3 D D <br /> Mining 0 0.0 0 0.0 0 0.0 '0' 0.0 <br /> Construction D D -3 -0.1 80 1.7 -181 -3.8 <br /> Manufacturing 43 0.2 D D 260 1.0 -87t� -0.3 <br /> Trans.Comm.Utilities 14 0.4 -10 -0.3 D D 0 D <br /> Wholesale Trace 8 ). , <br /> Retail Trade 160 0.8 -187 -0.9 D D -106 -0.5 <br /> Finance, Ins., Real Estate 8 0.2 D D D 0 D D <br /> Services 68 0.2 -80 -0.2 456 1.3 •89 -0.3 <br /> Public Administration D D 0 0.0 324 6.4 0 0.0 <br /> TOTAL 3rd Qtr., 1984 459 0.4 -302 -0.3 1,307 1.2 •564 -0.5 <br /> TOTAL 2nd Qtr., 1994 453 0.4 -560 -0.5 911 0.9 -828 -0.8 <br /> TOTAL 3rd Qtr., 1993 331 0.3 -240 -0.2 1.154 1.1 -813 -0.8 <br /> D = Suppressed to avoid disclosure of individual companv data. <br /> Southwest Region Counties: Big Stone. Chippewa. Cottonwood Jackson, Kandivohi. Lac Qui Parte. Lincoln. 1-von. McLeod, Meeker. <br /> Murray. ,Nobles. Pinestone. Redwood. Renville. Rock. Swift and Yellow:Medicine. <br /> • Vote: See notes on Page 13 of Report jor Terms. Definitions and Sources. <br /> • <br /> 9 <br />