Minnesota’s Economic News — W/E 11/25/22

State and local taxes and spending

Duluth News Tribune: Local View: Parks question doomed by Duluth’s dependence on property taxes

Alexandria Echo Press: Property values take big jump in Douglas County

The Center Square: Minnesota’s limited restrictions on abortion could lead to increased taxes

Labor market

Wahepton Daily News: Minnesota records largest job growth in nation

Minneapolis/St/ Paul Business Journal: Minnesota unemployment rate still historically low in October as layoffs loom elsewhere

Red Lake Nation News: Minnesota’s October Was Strongest Monthly Job Growth of 2022

KSTP: DEED: October had strongest job growth of year

KIMT 3: Minnesota jobs report for Oct. shows highest growth so far in 2022

WJON: DEED: Minnesota Added Over 17K Jobs in October 

Star Tribune: This Minnesota city has the lowest unemployment rate for any metro in U.S.

KRWC: Minnesota Jobless Rate Continues at Historic Lows

Economic development

Financial Post: Cliffs CEO: Minnesota mine will close without mineral rights

MPR News: Cliffs CEO: Without mineral rights, Iron Range taconite hub could shut down

Minn Post: Outdoor recreation boosts Minnesota’s economy

Finance & Commerce: Greater MN faces housing crunch, barriers to development

Economic growth

Twin Cities Business: Kashkari: To Remain Competitive, Minnesota Needs More People

Star Tribune: More Minnesota manufacturers think a recession will hit next year

Minneapolis/St. Paul Business Journal: Plymouth-based manufacturer Turck plans to lay off 100-plus workers

CBS News: How a railroad strike could hurt Minnesota farmers – and everyone else

KEYC: Minnesota’s exports reach all-time high

Red River Farm Network: MN 3Q Exports Surge Past $7 Billion

WJON: MN exporters set record

Star Tribune: Minnesota exports rose to an all-time high this fall

Finance & Commerce: Minnesota exports hit all-time high of $7.3B in 3rd quarter 

KROC: Minnesota set export record in 3rd quarter