Monday, October 30, 2006

Employment Report for Pennington County, Minnesota -- Annual 2005 Industry Summary

Wholesale trade has a largest number of employee per establishment in Pennington County, averaging 58 employees per business. This is greater than the industry's average in the United States of 10 and greater than the Minnesota establishments size average of 10 for the Wholesale trade industry.

Manufacturing between the years 2001 and 2005, saw the greatest loss in employment in Pennington County. The industry was hit with a loss of 146 employees during the period, or 8.8 percent of employment in the sector. These losses made up 44.2 percent of all employment losses in the county.

In Pennington County, Wholesale trade, Manufacturing and Other services, except public administration industries have the highest United States location quotient (LQ). The Wholesale trade industry has an LQ of 5.51. The percent of employment in the Wholesale trade sector is 5.51 times more than the average percent in the United States, revealing signs that Pennington may be an exporter of products or services of Wholesale trade.

In Pennington County, Wholesale trade, Manufacturing, and the Retail Trade sectors, in terms of total employment, are the largest. Wholesale trade produces the largest number of jobs in the area accounting for 28.6 percent of the total county employment. This totals 1,982 jobs. The Manufacturing and Retail Trade sectors account for 22 and 11.9 percent of all employment.

Agriculture, forestry, fishing and hunting is the industry that has grown the most in terms of employment from 2001-2005 in Pennington County, with an employment growth of 42.9 percent. This is greater than the industry job change at the national level of -0.6 percent. The State of Minnesota had changed in sector employment of 9.3 percent, from 2001 to 2005.







Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).

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