Minnesota’s economic news, w/e 6/5/20

Economic growth

MPR NewsRestaurants reopen with restrictions as some hunger for more

Pioneer PressFor some business owners, Monday’s reopening is a time for excitement. For others, it’s not nearly enough

West Central TribuneMinnesota state economist: Recession unique in speed of arrival, unequal effects on different retail sectors

Star TribuneMinnesota and national monthly manufacturing indexes improve but still at recessionary levels

WCCOWhat Restaurants Will Survive Coronavirus?

Star TribuneHints of economic reawakening amid mass, civic unrest

State and local taxes and spending

St. Cloud TimesBonding bill will help rebuild Minnesota

Labor market

Fillmore County JournalUnemployment rate jumps to 8.1% in April First full month of COVID-19 impact shows decrease of nearly 360,000 jobs

Minn PostFor unemployment during the COVID-19 pandemic, Minnesota is below average

Pine City PioneerCounty unemployment rough, but it’s been worse

Economic development

Faribault Daily NewsOur communities deserve updated or new infrastructure

Star TribuneMinnesota pollution regulators make decision that will delay $2.6B Enbridge pipeline project

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