Publication Title

St. Cloud Times

St. Cloud Area Quarterly Business Report Vol. 21 No. 3

Authors

King Banaian, St. Cloud State UniversityFollow
Richard MacDonald, St. Cloud State UniversityFollow

Document Type

Research Study

Publication Date

9-9-2019

Abstract

Employment continued to rise in the St. Cloud area in recent months, but survey responses from area business leaders and other data measures point to slower future local economic growth. The slower growth will be further aggravated by the November closure of Electrolux, which in January 2018 employed 860 workers (representing about 0.8% of total area employment).

With year over year job growth of 1.5%, St. Cloud once again outperformed both the state and Twin Cities in job creation in July. The construction, manufacturing, transportation/warehousing/utilities, educational/health and financial activities sectors of the local economy led the way in employment gains, while the retail trade, leisure and hospitality and information sectors shed jobs.

Recommended Citation

Banaian, King and MacDonald, Richard, "St. Cloud Area Quarterly Business Report Vol. 21 No. 3" (2019). St. Cloud Area Quarterly Business Report. 84.
https://repository.stcloudstate.edu/scqbr/84