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<br />EMPLOYMENT TRENDS AND CHARACTERISTICS <br /> <br />Resident employment data is calculated as an annual average and reveals the workforce and <br />number of employed persons living in the area. It is important to note that not all of these indi- <br />viduals necessarily work in the area. Table 13 presents covered employment by industry in Hen- <br />nepin, Ramsey and Anoka Counties in 2000 and 2006. Covered employment data is calculated as <br />an annual average and reveals the number of jobs a particular area. <br /> <br />The following are key trends derived from the employment data. <br /> <br />Employed People Livin!! in the Area <br /> <br />~ Most of the housing growth in Arden Hills is being generated by employment in the Twin Ci- <br />ties Metro Area, Table 12 reveals that the three-county labor force (the number of people <br />employed or seeking employment in an area) has grown by nearly 4,000 between 2000 and <br />2006. In the mean time, the total number employed has dropped by 8,900. (In December of <br />2007, the Minnesota unemployment rose to 4.9%, up from 4.0% in November 2007). <br /> <br />~ Due in part because of the economic downtum after 9111 , job creation has been somewhat <br />stagnant. It remains to be seen how the housing correction and the problems in the secondary <br />mortgage market will affect job growth at the end ofthis decade. <br /> <br /> TABLE 12 <br /> RESIDENT EMPLOYMENT (ANNUAL AVERAGE) <br /> HENNEPIN, RAMSEY & ANOKA COUNTIES <br /> 2000 to 2007 <br /> Total Minnesota U.S. <br /> Labor Total Total Unemployment Unemployment Unemployment <br />Year Force Emploved Unemploved Rate Rate Rate <br />2000 t.I30.554 1.099,929 30,625 2.7% 3.2% 4.0% <br />2001 1.142.627 1,102,005 40,622 3.6% 3.9% 4.7% <br />2002 1,135,354 1,084,942 50,412 4.4% 4.6% 5.8% <br />2003 1,138,620 1,085,289 53,331 4.7% 4.9% 6.0% <br />2004 1.135.094 1.085,194 49,900 4.4% 4.7% 5.6% <br />2005 1,127,575 1,084,877 42,698 3.8% 4.1% 5.1% <br />2006 1.134,433 1,092,924 4].509 3.7% 4.0% 4.6% <br />2007 1,138,917 1,091,029 47,888 4.2% 4.6% 4.6% <br />Chao.e 2000-07 3,879 -8,900 10,884 1.00/0- 0.8% 0.6% <br />Sources: Minnesota Workforce Center; Maxfield Research Inc. <br /> <br />MAXFIELD RESEARCH INC. <br /> <br />34 <br />