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Chapter III
<br />REGIONAL ECONOMIC AND DEMOGRAPHIC FRAMEWORK
<br />This chapter provides an overview of regional employment and demographic trends to illustrate
<br />the relationship between the station area cities and the larger Minneapolis -St. Paul region. The
<br />following sections of this Regional Economic and Demographic Framework are presented to
<br />provide the context of the station cities within the Eleven -County Minneapolis -St. Paul
<br />Metropolitan Statistical Area (MSA). In some cases, detailed analysis will be based on the
<br />Seven -County Metropolitan Area (Metropolitan Area) adjusted to include Sherburne County.
<br />EMPLOYMENT TRENDS
<br />The MSA is the nation's 15th largest MSA. Employment growth in the MSA', as shown in
<br />Table 3-1, was interrupted by the great recession, which began in December 2007. Employment
<br />increased between 2001 and 2007 at a modest annual rate of 1.07 percent. MSA employment
<br />peaked in 2007 with 2,209,659, declined to 2,127,674 in 2010, and began a slow recovery to
<br />2,168,451 in 2011.
<br />Table 3-1
<br />TOTAL EMPLOYMENT
<br />Anoka Sherburne
<br />Year MSA County County
<br />2001 2,072,916 148,362 28,577
<br />2002 2,063,216 148,660 29,538
<br />2003 2,070,706 151,693 30,915
<br />2004 2,102,568 154,939 31,904
<br />2005 2,146,233 159,570 32,926
<br />2006 2,179,756 161,558 33,346
<br />2007 2,209,659 163,248 33,918
<br />2008 2,204,264 160,397 33,312
<br />2009 2,134,490 154,041 32,393
<br />2010 2,127,674 150,589 32,329
<br />2011 2,168,451 153,523 32,931
<br />Source: U.S. Department of Commerce, Bureau of Economic Analysis.'
<br />The MSA's four largest industries are Health Care, Government, Retail Trade, and
<br />Manufacturing, as shown in Appendix Table A-1 at the end of this chapter. Industries that
<br />experienced strong growth between 2001 and 2011 include the Health Care and Social
<br />Assistance (65,000); Real Estate, Rental and Leasing (28,313); Finance and Insurance (26,421);
<br />Education Services (22,871); and Professional, Scientific, and Tech Services (20,104).
<br />Industries that lost employment between 2001 and 2011 include Manufacturing (45,259);
<br />Construction (25,506); Retail Trade (18,158); and Information (12,316).
<br />Anoka County employment grew steadily between 2001 and 2007, as shown in Table 3-1.
<br />Between 2001 and 2007, employment in Anoka County increased from 148,362 to 163,248, an
<br />annual rate of 1.61 percent. Employment declined to 150,589 in 2010, a decline of 7.8 percent,
<br />1 Employment data from the Bureau of Economic Analysis (BEA) includes private wage and salary, sole proprietors, and
<br />government jobs. BEA compiles the data from multiple sources, resulting in a one- to two-year lag from the current year.
<br />3-1
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