Employment Report for Rochester, Minnesota -- Annual 2005 Industry Summary
Information saw the biggest increase in jobs since the year 2001 in Rochester, moving a total of 94.8 percent. This is greater than the national sector change of -14.9 percent. The State of Minnesota went through a industry job change of -15 percent, in the period of time since 2001.
In Rochester, Health care and social assistance, Manufacturing and Retail Trade industries have the highest United States location quotient (LQ). The Health care and social assistance industry has a US LQ in the region of 2.92. The percent of employment in the Health care and social assistance industry is 2.92 times the percent of the national average, This signifies that Rochester may be an exporter of products or services of Health care and social assistance.
A high-wage industry in Rochester is the manufacturing sector paying an annual wage of $60,726. In the Metropolitan Area since the year 2001, the annual average wages in the industry have grown by 16.5 percent or $8,615. The State of Minnesota shows a different pattern in the manufacturing sector, placing in the middle of sectors according to average 2004 industry pay.
Health care and social assistance is the industry with the largest establishments in Rochester MSA, with the industry averaging 102 workers per each place of employment, being greater than the industry's average at the national level of 21 and greater than the Minnesota typical size of 29 for the Health care and social assistance industry.
Manufacturing saw the largest loss of employment between the years 2001-2005 in the Rochester Metro Area. The industry lost a total of 2,167 employees during the period, or 14 percent of jobs in the industry. The losses in this industry made up 72.4 percent of the total jobs loss in the Metro Area.
In Rochester, Health care and social assistance, Manufacturing, and the Retail Trade sectors are the largest industries, in terms of total number of jobs in 2005. The Health care and social assistance provides the most jobs and contributes 37.9 percent of total employment in the Metro Area, making up 34,668 people employed. The Manufacturing and Retail Trade sectors account for 14.5 and 12.2 percent of industry employment.
Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).
In Rochester, Health care and social assistance, Manufacturing and Retail Trade industries have the highest United States location quotient (LQ). The Health care and social assistance industry has a US LQ in the region of 2.92. The percent of employment in the Health care and social assistance industry is 2.92 times the percent of the national average, This signifies that Rochester may be an exporter of products or services of Health care and social assistance.
A high-wage industry in Rochester is the manufacturing sector paying an annual wage of $60,726. In the Metropolitan Area since the year 2001, the annual average wages in the industry have grown by 16.5 percent or $8,615. The State of Minnesota shows a different pattern in the manufacturing sector, placing in the middle of sectors according to average 2004 industry pay.
Health care and social assistance is the industry with the largest establishments in Rochester MSA, with the industry averaging 102 workers per each place of employment, being greater than the industry's average at the national level of 21 and greater than the Minnesota typical size of 29 for the Health care and social assistance industry.
Manufacturing saw the largest loss of employment between the years 2001-2005 in the Rochester Metro Area. The industry lost a total of 2,167 employees during the period, or 14 percent of jobs in the industry. The losses in this industry made up 72.4 percent of the total jobs loss in the Metro Area.
In Rochester, Health care and social assistance, Manufacturing, and the Retail Trade sectors are the largest industries, in terms of total number of jobs in 2005. The Health care and social assistance provides the most jobs and contributes 37.9 percent of total employment in the Metro Area, making up 34,668 people employed. The Manufacturing and Retail Trade sectors account for 14.5 and 12.2 percent of industry employment.
Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).
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