Employment Report for Faribault County, Minnesota -- Annual 2005 Industry Summary
In Faribault County, Manufacturing, Retail Trade, and the Accommodation and food services industries are the largest employment industries. The Manufacturing provides the most jobs and contributes 30.8 percent of all jobs throughout the county, totaling 1,368 jobs. The Retail Trade and Accommodation and food services sectors account for 12.8 and 7.3 percent of all employment.
The Health care and social assistance industry decreased the most in percent of total employment in Faribault County since 2001, going from making up 13.4 percent of total jobs in the year 2001 to 0 percent in the year 2005.
Manufacturing has the largest businesses in Faribault County. The industry averages 39 employees per business. This is greater than the industry's national average of 39 and less than the State of Minnesota average of 39 for the Manufacturing industry.
Faribault County is ranked at 57 of 88 total Counties compared to other Counties in State of Minnesota in terms the size of total employment in 2005. This ranking has moved up since the year 2001, when it was ranked 55 of 88 Counties.
In Faribault County, Manufacturing, Agriculture, forestry, fishing and hunting and Finance and insurance are the three industries with the highest location quotients. The Manufacturing sector has a United State LQ of 2.4. In other words, the percent of total jobs in the Manufacturing sector is 2.4 times the percent of the national average, This signifies that Faribault County produces more than its local requirement of products and/or services of Manufacturing.
Arts, entertainment, and recreation saw the biggest increase in jobs since the year 2001 in Faribault County, with a job growth of 37.5 percent. This is greater than the national employment change in the industry of 4.7 percent. The State of Minnesota experienced a change in employment in the sector of 6.7 percent, during the period of 2001 to 2005.
Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).
In Faribault County, Manufacturing, Retail Trade, and the Accommodation and food services industries are the largest employment industries. The Manufacturing provides the most jobs and contributes 30.8 percent of all jobs throughout the county, totaling 1,368 jobs. The Retail Trade and Accommodation and food services sectors account for 12.8 and 7.3 percent of all employment.
The Health care and social assistance industry decreased the most in percent of total employment in Faribault County since 2001, going from making up 13.4 percent of total jobs in the year 2001 to 0 percent in the year 2005.
Manufacturing has the largest businesses in Faribault County. The industry averages 39 employees per business. This is greater than the industry's national average of 39 and less than the State of Minnesota average of 39 for the Manufacturing industry.
Faribault County is ranked at 57 of 88 total Counties compared to other Counties in State of Minnesota in terms the size of total employment in 2005. This ranking has moved up since the year 2001, when it was ranked 55 of 88 Counties.
In Faribault County, Manufacturing, Agriculture, forestry, fishing and hunting and Finance and insurance are the three industries with the highest location quotients. The Manufacturing sector has a United State LQ of 2.4. In other words, the percent of total jobs in the Manufacturing sector is 2.4 times the percent of the national average, This signifies that Faribault County produces more than its local requirement of products and/or services of Manufacturing.
Arts, entertainment, and recreation saw the biggest increase in jobs since the year 2001 in Faribault County, with a job growth of 37.5 percent. This is greater than the national employment change in the industry of 4.7 percent. The State of Minnesota experienced a change in employment in the sector of 6.7 percent, during the period of 2001 to 2005.
Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).
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