Local Business

Economic snapshot

11/7/2009 6:30:02 AM

Consumer price index

U.S. percent change, seasonally adjusted

September: 0.2 percent

August: 0.4 percent

July: Unchanged

June: +.0.7 percent

May: +0.1

April: no change

March: -0.1

Feb.: +.4

Jan.: +.3

Last 12 months: -1.3 percent

Source: U.S. Bureau of Labor Statistics

Gasoline prices

On Tuesday:

Duluth: $2.67

Eau Claire, Wis.: $2.78

La Crosse, Wis.: $2.73

Minneapolis: $2.65

Rochester: $2.65

St. Cloud: $2.65

U.S. Price: $2.68

Minnesota Price: $2.66

Source: AAA

Jobless rate

Not adjusted, September rate for metropolitan areas:

Duluth-Superior: 7.8 percent

Mankato: 6.2

Minneapolis-St. Paul: 7.3

Rochester: 5.8

St. Cloud: 6.8

Minnesota: 7.1

United States: 9.5

Initial claims for unemployment insurance

In 11-county southeast Minnesota region

September: 2,199

August: 2,337

July: 2,789

June: 3,293

May: 2,607

April: 2,552

March: 3,462

February: 3,513

January: 3,743

August 2008: 1,194

Source: Minnesota DEED

Area employment

Jobs and change from a year ago in September for Rochester metropolitan area (Olmsted, Dodge and Wabasha counties):

Total Nonfarm, 104,890, -1.9%

Total Private, 94,427, -1.7%

Goods-Producing excl. Ag., 15,008, -8.7%

Mining, Logging and Construction, 3,975, -5.3%

Manufacturing, 11,033 , -9.9%

Trade, Transportation & Utilities , 15,579, -1.6%

Wholesale Trade, 2,263, -2.5%

Retail Trade, 10,972, -1.1%

Transportation, Warehouse, and Utilities, 2,344, -2.7%

Information, 1,412, -3.9%

Financial Activities, 2,671, -3%

Professional and Business Services, 4,840, -7.9%

Educational and Health, 42,451, 1.7%

Leisure and Hospitality, 9,002, 1.6%

Government, 10,463, -3.6%

Federal Government, 1,052, 0.8%

State Government, 1,468, 0.1%

Local Government, 7,943, -4.7%

Source: Minnesota DEED

Airport passengers

Commercial passengers at Rochester International Airport:

September: 19,927

August: 22,655

July: 21,188

June: 22,547

May: 22,198

April: 21,962

March: 23,641

Feb.: 19,258

Jan.: 20,244

Single-family home sales

Number of new listings and closed sales in 9-county southeastern Minnesota area, for two-week periods.

10-5 to 10-19, 265 new listings, 151 closed sales

9-21 to 10-5: 301 new listings, 241 closed sales

9-8 to 9-21: 288 new listings, 123 closed sales.

8-24 to 9-7: 285 new listings, 210 closed sales.

8-10 to 8-24: 372 new listings, 128 closed sales.

7-27 to 8-10: 383,197

7-13 to 7-27: 389,176

6-29 to 7-13: 314,192

6-15 to 6-29: 315, 206

6-1 to 6-15: 380, 203

5-18 to 6-1: 305, 258

5-4 to 5-18: 388, 153

4-20 to 5-4: 363, 202

4-6 to 4-20: 448, 117

3-23 to 4-6: 372, 161

3-9 to 3-23: 464, 131

2-23 to 3-09: 382, 173

One year ago: 10-6-08 to 10-20-08: 260, 130

Source: Southeast Minnesota Association of Realtors

Average home sale price

For Rochester residential properties:

September: $167,825

August: $168,262

July: $188,896

June: $192,742

May: $172,086

April: $172,705

March: $177,346

February: $157,456

January: $163,821

July 2008: $201,599

Source: Southeast Minnesota Association of Realtors

Single-family home construction

Permits issued in Rochester

September: 33

August 2009: 26

July 2009: 21

June 2009: 36

May 2009: 33

April 2009: 29

March 2009: 16

February 2009: 1

January 2009: 3

December 2008: 16

November 2008: 26

October 2008: 19

September 2008: 28

Source: City of Rochester

Building permits

Dollar value of building permits in City of Rochester

September 2009: $15 million

August 2009: $6.2 million

July 2009: $11.7 million

June 2009: $27 million

May 2009: $23.5 million

April 2009: $21.4 million

March 2009: $27.5 million

February 2009: $5.6 million

January 2009: $15.7 million

December 2008: $14.6 million

November 2008: $26.7 million

October 2008: $26 million

September 2008: $18 million

August 2008: $25.8 million

July 2008: $19.8 million

Source: City of Rochester

Net hotel-motel tax collections

In city of Rochester

June: $273,590

May: $283,789

April: $277,226

March: $275,026

February: $234,416

January: $242,424

Source: City of Rochester finance department

Net sales tax collections

In city of Rochester

June: $642,684

May: $713,499

April: $724,611

March: $411,242

February: $678,865

January: $754,251

Source: City of Rochester finance department

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