US Census Data on Lake City Workforce
U.S. Census data for 2014 indicates that nearly 2,000 workers come to Lake City each day to work, and 1,200 Lake City residents commute elsewhere for employment. Nine hundred and forty nine residents live and work in Lake City.
Compared to 2009, fewer workers are employed outside of our community, while more non-residents are commuting to work here. Recent data shows that those who leave Lake City for employment primarily commute to Red Wing and Rochester.
The total count of Lake City primary jobs rose between 2009 and 2014 by nearly 9 percent and at the same time, the percent of Lake City jobs that pay more than $3,333 per month increased from 36.7 percent to more than 50 percent. This is a very positive change for Lake City.
The count of workers in the 30—54 age range remained relatively steady approximately 55 percent of the workforce. The percent of workers under-29 decreased slightly, but workers in the over 55 age category increased by approximately 5 percent. In this regard, our workforce mirrored the aging trend across Minnesota and the U.S. as a whole.
Unemployment in Southeast Minnesota was 3.6 percent in June of 2015, the lowest rate since pre-recession days in 2005. Between 2009 and 2014 the educational attainment and male/female ration of Lake City workers remained steady.
MN Department of Employment and Economic Development, and the non-profit Workforce Development, Inc., note that one of the most likely sources of workers already in Minnesota is in our minority and immigrant populations. Lake City’s demographics with respect to ethnicity did not change appreciably between 2009 and 2014, representing an opportunity for workforce development.
Between 2009 and 2014 Lake City employment rose from 2,649 to 2,883. There was an overall increase in manufacturing and healthcare jobs that account for the bulk of that increase. In that time, the major employment sectors did not change appreciably, with five of the top six sectors remaining constant.