Minnesota’s Economic News – W/E 6/25/21

State and local taxes and spending

Star Tribune: Minnesota Legislature agrees to nearly $1 billion in tax cuts

The Center Square: Minnesota liquor taxes fourteenth-highest in nation

MPR News: Tax cuts prevail over tax hikes at Capitol

Bemidji Pioneer: One week into special session, Minnesota lawmakers at a standstill on $52 billion budget

Pioneer Press: MN is awash in cash at the moment — but is it hoarding?

Star Tribune: Minnesota lawmakers to hand out nearly $1B in tax cuts

KNSI: With Unexpected Budget Surplus, Minnesota Legislature Passes Bill Featuring $1B in Tax Cuts

Southernminn.com: Minnesota Senate approves jobs, agriculture bill

Labor market

KNSI: Minnesota Jobs, Hourly Wages Grow During May

Twin Cities Business: The Mysterious Lost Workers

Willmar Radio: Minnesota unemployment rate drops to 4%

Star Tribune: Community colleges key to addressing labor shortage

KSTP: Teens looking for summer jobs reap rewards of shifting labor market

WCCO: Many Restaurant Job Applicants Aren’t Showing Up For Interviews

KTTC: National worker shortage impacts Rochester businesses

MPR News: DEED commissioner on state’s worker shortage, possible solutions

The Minnesota Daily: Minneapolis minimum wage set to increase in July

Owatonna People’s Press: The mysterious lost workers: What’s driving the shortage?

Inforum: Labor shortage could last longer than this year, recruiters, business leaders say

Star Tribune: Unemployment shrinks close to pre-pandemic levels in Duluth

Economic development

Stillwater Gazette: State legislature should invest in tourism industry

Minneapolis/St. Paul Business Journal: New report details economic clout of immigrants, refugees in Minnesota

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