Minnesota’s economic news, w/e 5/29/20
State and local taxes and spending
Minn Post: With effects of COVID-19, Twin Cities face uphill battle to balance the books
Minn Post: Beyond unemployment: How COVID-19 is affecting assistance programs throughout Minnesota
Agriculture
Minn Post: Economic impacts of pork shutdowns will reach well beyond Minnesota farmers
KTOE: Minnesota’s hog farmers’ struggles may lead to economic woes in rural communities
KEYC: Study shows how the loss of hog farms, production in Minnesota can impact the state’s economy
Albert Lea Tribune: Letter: Keep looking out for the farmer
Economic growth
Wall Street Journal: Coronavirus 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
KTOE: Economic Recovery Could Take Cue from Depression-Era Program
Labor market
Faribault Daily News: Data: Women, Black Minnesotans, young people are getting worst of pandemic economy
International Falls Journal: Unemployment rate jumps to 8.1 percent in April
Mesabi Daily News: Essentia Health lays off 900 workers due to pandemic
KTOE: One possible bright spot in Minnesota’s high unemployment numbers
Minneapolis/St. Paul Business Journal: Minnesota’s unemployment rate is bad — until you look at all the other states
Grand Forks Herald: Minnesota’s payroll employment decreases by nearly 360,000 jobs
Fergus Falls Daily Journal: Unemployment continues to rise in state, county
Austin Daily Herald: Over 3K file for unemployment in Mower County
The Center Square: Minnesota added another 28,615 unemployed last week; national total nears 41 million
Trade
Star Tribune: Spur recovery, including in Minnesota, by advancing trade with U.K and E.U.