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.