Minnesota’s Economic News – W/E 10/30/20
Economic growth
Keloland: Minnesota Economist: South Dakota is winning the Border Battle
KSTP: Minnesota sees new businesses launching at high rates
KTOE: Minnesota Manufacturing Update
Star Tribune: Despite political spotlight, Iron Range town still waiting for economic spark
Southernminn.com: U.S. Department of Interior efforts added $751 million to Minnesota’s economic output in 2019
Labor market
KROC: Rochester Area Unemployment Rate Has Dropped Over 50% Since May
KAALTV: Unemployment rates are dropping across Minnesota, including Rochester
Minneapolis/St. Paul Business Journal: Minnesota has more unemployed workers than available jobs
Red Lake nation News: Job Vacancies Decline to 111,753 in Second Quarter of 2020
Wahepton Daily News: Nearly 25 percent less job vacancies in Minnesota than one year ago
Agriculture
Jackson County Pilot: Local farmers, producers stand to benefit from governor’s new plan
State and local taxes and spending
Star Tribune: Every option on table for deficit, Gov. Tim Walz says
Mankato Free Press: Bonding bill also brought tax relief for farmers
John Phelan is an economist at the Center of the American Experiment.