Employment Report for Olmsted County, Minnesota -- Annual 2005 Industry Summary
In Olmsted County, Health care and social assistance, Manufacturing and Retail Trade industries have the highest United States location quotient (LQ). The Health care and social assistance sector has a United State LQ of 3.22. In other words, the percent of total jobs in the Health care and social assistance sector is 3.22 times the percent of the national average, This signifies that Olmsted specializes in Health care and social assistance.
In Olmsted County, Health care and social assistance, Retail Trade, and the Manufacturing sectors, in terms of total employment, are the largest. Health care and social assistance produces the largest number of jobs in the area accounting for 41.7 percent of the total county employment. This totals 33,810 jobs. The Retail Trade and Manufacturing industries make up 12.1 and 11.9 percent of all employment.
Health care and social assistance has the largest employers in Olmsted County, averaging 119 employees per business. This is greater than the industry's national average of 21 and greater than the State of Minnesota average establishment size of 29 for the Health care and social assistance industry.
Manufacturing since the year 2001 was faced with the largest loss in employment in Olmsted County. The sector dealt with a loss of 2,618 employees during the period, or 21.3 percent of industry's employment. The industry declines made up 72.5 percent of all employment losses in the county.
Information is an attractive industry due to its high level of job growth since the year 2001 in Olmsted County, with an employment growth of 105.1 percent. This is greater than the United States industry change in employment of -14.9 percent. The State of Minnesota saw a change in employment in the sector of -15 percent, in the recent period of 2001-2005.
Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).
In Olmsted County, Health care and social assistance, Manufacturing and Retail Trade industries have the highest United States location quotient (LQ). The Health care and social assistance sector has a United State LQ of 3.22. In other words, the percent of total jobs in the Health care and social assistance sector is 3.22 times the percent of the national average, This signifies that Olmsted specializes in Health care and social assistance.
In Olmsted County, Health care and social assistance, Retail Trade, and the Manufacturing sectors, in terms of total employment, are the largest. Health care and social assistance produces the largest number of jobs in the area accounting for 41.7 percent of the total county employment. This totals 33,810 jobs. The Retail Trade and Manufacturing industries make up 12.1 and 11.9 percent of all employment.
Health care and social assistance has the largest employers in Olmsted County, averaging 119 employees per business. This is greater than the industry's national average of 21 and greater than the State of Minnesota average establishment size of 29 for the Health care and social assistance industry.
Manufacturing since the year 2001 was faced with the largest loss in employment in Olmsted County. The sector dealt with a loss of 2,618 employees during the period, or 21.3 percent of industry's employment. The industry declines made up 72.5 percent of all employment losses in the county.
Information is an attractive industry due to its high level of job growth since the year 2001 in Olmsted County, with an employment growth of 105.1 percent. This is greater than the United States industry change in employment of -14.9 percent. The State of Minnesota saw a change in employment in the sector of -15 percent, in the recent period of 2001-2005.
Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).
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