Minnesota’s Economic News – W/E 6/26/20
Labor market
Mankato Free Press: Local jobless claims remain much higher than normal
KIMT 3: May 2020 jobless rate in IA/MA over 300% up from year before
KNSI: Unemployment hits record 9.9% in May
KIMT 3: Minnesota’s unemployment rate reaches record high in May
Hibbing Daily Tribune: May unemployment at 9.9% while pandemic-related job losses stabilize slightly in MN
Star Tribune: Minnesota’s unemployment rate rose to record 9.9% in May as pandemic’s effects seen
Mankato Free Press: Covid Deficits: Mankato faces staff reductions, depleted reserves, higher taxes
Minn Post: What’s up with unemployment in Minnesota? The view from the May numbers
Fillmore County Journal: Minnesota’s unemployment rate rose to 9.9% in May: Numbers capture situation immediately before reopening of many businesses
WDIO: Northeastern Minn. jobless rate up slightly in May
KSTP: Minneapolis minimum wage increase goes into effect July 1
State and local taxes and spending
Pioneer Press: More than $60 million available for MN small businesses affected by coronavirus
West Central Tribune: Minnesota Small Business Relief Grants Program starts accepting applications June 23
Pilot-Independent: $62 million approved for small businesses impacted by COVID-19
Minneapolis/St. Paul Business Journal: The hotel-sized hole in Minnesota government budgets is getting even bigger
KNSI: Minnesota ranks fifth in highest tax burden in the U.S.
WDIO: Duluth Mayor lays out plans to address projected $25M revenue shortfall
KSTP: State agency reports unemployment fund to run out in July
Star Tribune: Walz to release $841 million in COVID-19 aid to local governments
Economic growth
Duluth News Tribune: Duluth layoffs stack up, adding challenges for region’s future
Pope County Tribune: Recently released study shows data on consumer spending, employment
WCCO: Closings & Layoffs Continue As Twin Cities Businesses Feel COVID-19 Impact
Mesabi Daily News: The coronavirus takes a toll on Minnesota’s mining operations
Willmar Radio: Business coalition continues pushing Walz to fully reopen economy
Minn Post: Minnesota’s construction industry has been hit hard by COVID-19, and recovery may be slow
Brainerd Dispatch: Pandemic erased years of clean energy job gains in Minnesota, report says
WCCO: COVID-19’s Impact On The Twin Cities Economy Is Causing Ripple Effects
Economic development
Mesabi Daily News: Unions weigh in on Line 3
Agriculture
KDHL: Economic Impact of Dairy and Hog Industry and COVID-19
Regulation
Finance & Commerce: Council expands prevailing wage