Employment Report for Duluth, MN, Minnesota -- Annual 2005 Industry Summary
In Duluth, MN, Retail Trade, Accommodation and food services, and the Manufacturing sectors, in terms of total employment, are the largest. Retail Trade is the largest employment industry and makes up 16.3 percent of all the jobs in the Metropolitain Area. This makes up 16,144 individuals. The Accommodation and food services and Manufacturing industries total 12.4 and 8.7 percent of all employment.
In Duluth, MN, Accommodation and food services, Retail Trade and Transportation and Warehousing are the three industries with the highest location quotients. The Accommodation and food services industry has an LQ of 1.26. This means the percent of total employment in the Accommodation and food services industry is 1.26 times greater than the national average, signifying that Duluth, MN produces more than its local requirement of products and/or services of Accommodation and food services.
Manufacturing has the largest businesses in Duluth, MN Metro Area. The industry averages 26 workers per each place of employment, being less than the industry's average at the national level of 39 and less than the Minnesota average establishment size of 39 for the Manufacturing industry.
Finance and insurance is the industry that has seen the largest increase in jobs from the year 2001 to the present in Duluth, MN, with an employment growth of 13.2 percent. This is greater than the United States change in the sector jobs of 4.8 percent. The State of Minnesota experienced a sector employment shift of 6.4 percent, from 2001 to 2005.
A well-paying sector in Duluth, MN is the finance and insurance sector with an annual pay of $58,291. Throughout the MSA since the year 2001, the annual average wages in the industry have grown by 15.7 percent or $7,911. The State of Minnesota holds a similar employment climate in the finance and insurance sector, standing near the top of industries in term of the average annual pay of 2004.
Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).
In Duluth, MN, Accommodation and food services, Retail Trade and Transportation and Warehousing are the three industries with the highest location quotients. The Accommodation and food services industry has an LQ of 1.26. This means the percent of total employment in the Accommodation and food services industry is 1.26 times greater than the national average, signifying that Duluth, MN produces more than its local requirement of products and/or services of Accommodation and food services.
Manufacturing has the largest businesses in Duluth, MN Metro Area. The industry averages 26 workers per each place of employment, being less than the industry's average at the national level of 39 and less than the Minnesota average establishment size of 39 for the Manufacturing industry.
Finance and insurance is the industry that has seen the largest increase in jobs from the year 2001 to the present in Duluth, MN, with an employment growth of 13.2 percent. This is greater than the United States change in the sector jobs of 4.8 percent. The State of Minnesota experienced a sector employment shift of 6.4 percent, from 2001 to 2005.
A well-paying sector in Duluth, MN is the finance and insurance sector with an annual pay of $58,291. Throughout the MSA since the year 2001, the annual average wages in the industry have grown by 15.7 percent or $7,911. The State of Minnesota holds a similar employment climate in the finance and insurance sector, standing near the top of industries in term of the average annual pay of 2004.
Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).
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