Monday, October 30, 2006

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

Utilities in the period of 2001 to 2005 had the largest increase in employment in Pipestone County, moving a total of 60.9 percent. This is greater than the rate of employment change across the nation of -8.2 percent. The State of Minnesota saw a change in employment in the sector of -5.4 percent, from 2001 to 2005.

Manufacturing has the largest employers in Pipestone County. The industry averages 54 jobs per establishment, which is greater than the industry's average in the United States of 39 and greater than the Minnesota average of 39 for the Manufacturing industry.

In Pipestone County, Manufacturing, Retail Trade, and the Health care and social assistance industries are the largest employment industries. The Manufacturing is the major employer in the county making up 21.9 percent of all jobs throughout the county, totaling 708 jobs. The Retail Trade and Health care and social assistance sectors account for 16.4 and 15.1 percent of total employment, respectively.

In Pipestone County, Utilities, Manufacturing and Retail Trade are the three industries with the highest location quotients. The Utilities industry has a US LQ in the county of 2.3. This means the percent of total employment in the Utilities sector is 2.3 times greater than the national average, signifying that Pipestone County may specialize, or be an exporter of Utilities.

The Wholesale trade sector has decreased the most in local industry presence in Pipestone County since the year 2001. The industry went from accounting for 11.2 percent of total employment for the year 2001 to 5.1 percent in the year 2005.

Wholesale trade saw the largest loss of employment between the years 2001-2005 in Pipestone County. The sector dealt with a loss of 217 employees during the period, or 56.8 percent of employment in the sector. These losses made up 56.5 percent of all county employment losses since 2001.

Pipestone is the County that is ranked 68 of 88 total Counties throughout Minnesota according to the relatively size of the employment base in the year 2005. This ranking has moved up since the year 2001, when it was ranked 64 of 88 Counties.



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

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