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EMPLOYMENT TRENDS <br />Resident Labor Force <br />Recent employment growth trends are shown in Tables E-2, which presents resident employ- <br />ment data for the City of Ramsey from 2008 through 2018. These numbers were derived from <br />the proportion of jobs in Ramsey as compared to Anoka County, the State of Minnesota, and <br />the United States. Resident employment data is calculated as an annual average and reveals the <br />work force and number of employed persons living in the City. It is important to note that not <br />all of these individuals necessarily work in the City or County. The following are key trends de- <br />rived from the employment data: <br />Resident Employment <br />• Resident employment (number of employed persons) in Ramsey increased by approxi- <br />mately 1,431 people between 2008 and 2018 (10%) and the unemployment rate decreased <br />from 5% in 2008 to 2.6% in 2018. By comparison, Anoka County's unemployment rate was <br />at 2.8% and the State of Minnesota was at 2.9% as of 2018. <br />• Ramsey's unemployment rate has mirrored Anoka County's unemployment rate and has re- <br />mained slightly lower since 2008. The greatest yearly difference was 0.7% lower than <br />Anoka County in 2011. <br />• The unemployment rate in Anoka County increased to a high of 8.4% (2009) which was the <br />peak of the recession. However, as of year-end 2018, the unemployment rate has fallen to <br />2.8%, which is considered below equilibrium (5.0%). <br />10.0% <br />8.0% <br />6.0% <br />4.0% <br />2.0% <br />0.0% <br />2008 <br />2010 <br />Unemployment Rate <br />2008 Through 2018 <br />2012 <br />2014 <br />—Ramsey Anoka Co. <br />2016 <br />Metro Area <br />2018 <br />MAXFIELD RESEARCH AND CONSULTING <br />34 <br />