St. Cloud Area Quarterly Business Report

Publication Title

St. Cloud Times

Document Type

Research Study

Publication Date

12-8-2019

Abstract

St. Cloud-area employment rose 0.7% over the year ending October 2019. This job growth represents an increase in 780 area jobs over the past 12 months. The recent increase in employment is coincidentally of similar size as the loss of jobs that occurred when Electrolux closed its St. Cloud production facility at the beginning of November. This means recent local employment growth could be reversed when the November jobs numbers are released by the Minnesota Department of Employment and Economic Development in mid-December.

St. Cloud once again outperformed both the state and Twin Cities in job growth over the past year. The construction, manufacturing, transportation/warehousing/utilities, educational/health, wholesale trade and financial activities sectors of the local economy led the way in employment gains, while the retail trade, professional & business services, information and leisure & hospitality sectors shed jobs.

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