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Temporary Help Agencies Contributed to Expansion of Service Jobs The service industry was the largest source of expansion jobs during this quarter (38 percent • share). Among service businesses. temporary help agencies supplied one of every four expansion jobs. It is important to note that these temporary help employees are workers leased • to other businesses such as manufacturers, wholesalers. bankers, retailers and other employers. Use of temporary workers became prevalent nationwide during recent surges of economic activity. Minnesota i Business activity in the mortgage lending industry and related industries in finance, insurance and real estate was depressed by rising interest rates. In this sector. job losses from business Statewide contractions increased 70 percent from last quarter. Analysis Large Businesses Created More Jobs 3rd Quarter, 1994 While most new businesses started with fewer than 50 employees, there were significant large business start-ups in manufacturing, retail trade and services. These large star-ups created nearly twice as'arriany jobs as the previous quarter's large start-ups. and they contributed up to 33 percent of new start-up jobs in these industries. Moreover. mature large companies increased expansion hirings by 2') percent during this quarter, contributing 21.400 additional jobs to the economy. Number of Business Establishments* Births Dissolutions Expansions" Contractions" Total Industry No.Rate(%) No.Rate(%) No.Rate(%) No.Rate(%) Estab."" Aariculture D D D D D ^ 2 815 Mining D D 0 0.0 D D 4 2.1 191 Construction 392 3.1 -295 -2.3 129 1.0 122 1.0 12,780 Manufacturing 190 2.2 -79 -0.9 177 2.0 71 0.8 8,876 Trans.Comm,Utilities 159 2.7 -102 -1.7 41 0.7 43 0.7 5.826 Wholesale Trade 361 2.6 -240 -1.7 66 0.5 35 0.2 14.098 Retail Trade 552 2.0 -550 -2.0 119 0.4 81 0.3 27.772 Finance, Ins, Real Estate 298 2.4 -201 -1.6 24 0.2 48 0.4 12.653 Services 1,391 3.1 -829 -1.9 365 0.8 265 0.6 45.050 Public Administration 12 0.5 D D 89 3.5 D D 2.525 TOTAL 3rd Qtr., 1994 3,446 2.6 -2.353 -1.8 1,029 0.8 697 0.5 132.586 TOTAL 2nd Qtr., 1994 3,012 2.3 -2.719 -2.1 981 0.7 753 0.6 - TOTAL 3rd Qtr., 1993 3,669 2.9 -1,741 -1.4 1.145 0.9 988 0.8 Number of Jobs* Births Dissolutions Expansions" Contractions" Total Industry No.Rate(%) No.Rate(%) No.Rate(°o) No.Rate(%) Jobs... Agriculture D D D D D u D D 21.971 Mining D D 0 0.0 D D -72 -0.9 8.080 Construction 737 0.9 -187 -0.2 2.623 3.2 -2.457 -3.0 93.565 Manufacturing 616 0.2 -253 -0.1 5.321 1.3 -2,266 -0.6 403.370 Trans.Comm,Utilities 319 0.3 -132 - -0.1 1.161 1.1 -1.035 -0.9 106.630 Wholesale Trade 754 0.5 -341 -0.2 1.164 0.8 -688 -0.5 142.210 Retail Trade 4.580 1.1 -1.769 -0.4 2.560 0.6 .1.468 -0.4 413.950 Finance, Ins. Real Estate 771 0.6 -234 -0.2 384 0.3 -1.164 -0.8 136.259 Services 3.191 0.4 -1,508 -0.2 9.717 1.3 -5,081 -0.7 745.513 Public Administration 12 0.0 D D 2.040 3.1 D D 89.890 TOTAL 3rd Qtr., 1994 11,234 0.5 -4.472 -0.2 25.379 1.2 -14.673 -0.7 2.161.438 TOTAL 2nd Qtr., 1994 9.588 0.5 -6.623 -0.3 21.886 1.1 -16.558 -0.8 - TOTAL 3rd Qtr., 1993 10.795 0.5 -4.432 -0.2 28.809 1.4 -26.406 -1.3 • The rates in this table are baseti on tnmls(ram previous quarters. " Covers only mutor expansions and contractions. • Tnaai estaoli.simients atui total jabs. 3rd Quarter. 1994. unudmsted for iate or mi.ssnr, emmover reports t) = Supprr.csed to avoid dist arsure of rndmiduui t ompana data. hnn Srr nnrc on Yuen O of Report Ina Terms. Definrnmts and Sour,