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Minnesota’s economic news, w/e 5/29/20

State and local taxes and spending

Minn PostWith effects of COVID-19, Twin Cities face uphill battle to balance the books

Minn PostBeyond unemployment: How COVID-19 is affecting assistance programs throughout Minnesota

Agriculture

Minn PostEconomic impacts of pork shutdowns will reach well beyond Minnesota farmers

KTOEMinnesota’s hog farmers’ struggles may lead to economic woes in rural communities

KEYCStudy shows how the loss of hog farms, production in Minnesota can impact the state’s economy

Albert Lea TribuneLetter: Keep looking out for the farmer

Economic growth

Wall Street JournalCoronavirus Threatens a Minnesota Farm Town’s Economic Engine

KDUZ: Walz administration plans for next steps to re-open Minnesota

KIMT 3: Predicting the economic recovery: ‘We’ve gotta get people willing to go and make those purchases’

WJON: Walz: Data Will Determine Next Steps for Dialing Up State Economy

KTOEEconomic Recovery Could Take Cue from Depression-Era Program

Labor market

Faribault Daily NewsData: Women, Black Minnesotans, young people are getting worst of pandemic economy

International Falls JournalUnemployment rate jumps to 8.1 percent in April

Mesabi Daily NewsEssentia Health lays off 900 workers due to pandemic

KTOEOne possible bright spot in Minnesota’s high unemployment numbers

Minneapolis/St. Paul Business JournalMinnesota’s unemployment rate is bad — until you look at all the other states

Grand Forks HeraldMinnesota’s payroll employment decreases by nearly 360,000 jobs

Fergus Falls Daily JournalUnemployment continues to rise in state, county

Austin Daily HeraldOver 3K file for unemployment in Mower County

The Center SquareMinnesota added another 28,615 unemployed last week; national total nears 41 million

Trade

Star TribuneSpur recovery, including in Minnesota, by advancing trade with U.K and E.U.

John Phelan is an economist at the Center of the American Experiment. 

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