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Minnesota’s Economic News – W/E 6/26/20

Labor market

Minn PostAnisa Hajimumin Q&A: DEED’s new assistant commissioner talks about jobs for immigrants and refugees — and our common aspirations

Mankato Free PressLocal 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 TribuneMay unemployment at 9.9% while pandemic-related job losses stabilize slightly in MN

Star TribuneMinnesota’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 PostWhat’s up with unemployment in Minnesota? The view from the May numbers

Fillmore County JournalMinnesota’s unemployment rate rose to 9.9% in May: Numbers capture situation immediately before reopening of many businesses

WDIONortheastern Minn. jobless rate up slightly in May

KSTPMinneapolis minimum wage increase goes into effect July 1

State and local taxes and spending

Pioneer PressMore than $60 million available for MN small businesses affected by coronavirus

West Central TribuneMinnesota 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 JournalThe hotel-sized hole in Minnesota government budgets is getting even bigger

KNSI: Minnesota ranks fifth in highest tax burden in the U.S.

WDIODuluth Mayor lays out plans to address projected $25M revenue shortfall

KSTPState agency reports unemployment fund to run out in July

Star TribuneWalz to release $841 million in COVID-19 aid to local governments

Economic growth

Duluth News TribuneDuluth layoffs stack up, adding challenges for region’s future

Pope County TribuneRecently released study shows data on consumer spending, employment

WCCOClosings & Layoffs Continue As Twin Cities Businesses Feel COVID-19 Impact

Mesabi Daily NewsThe coronavirus takes a toll on Minnesota’s mining operations

Willmar Radio: Business coalition continues pushing Walz to fully reopen economy

Minn PostMinnesota’s construction industry has been hit hard by COVID-19, and recovery may be slow

Brainerd DispatchPandemic erased years of clean energy job gains in Minnesota, report says

WCCOCOVID-19’s Impact On The Twin Cities Economy Is Causing Ripple Effects

Economic development

Mesabi Daily NewsUnions weigh in on Line 3

Agriculture

KDHL: Economic Impact of Dairy and Hog Industry and COVID-19

Regulation

Finance & CommerceCouncil expands prevailing wage

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

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