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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 MSA1, 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 /> MSA AND ANOKA AND SHERBURNE COUNTIES
<br /> TOTAL EMPLOYMENT;2001 TO 2011
<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 Table 3-2. Industries that experienced strong growth between 2001
<br /> and 2011 include the Health Care and Social Assistance (65,000); Real Estate, Rental and
<br /> Leasing (28,313); Finance and Insurance (26,421); Education Services (22,871); and
<br /> Professional, Scientific, and Tech Services (20,104). Industries that lost employment between
<br /> 2001 and 2011 include Manufacturing (45,259); Construction (25,506); Retail Trade (18,158);
<br /> 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 /> 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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