In the year to June, the Consumer Price Index increased by 9.1%, “the largest 12-month increase since the period ending November 1981.” Back then, the rate was declining from its…
Last month I was part of a round-table discussion hosted in Owatonna by Center of the American Experiment’s chapter there. The event brought together representatives of businesses from all over…
State and local taxes and spending Minnesota Reformer: Scott Jensen’s proposal to eliminate income tax would benefit Minnesota’s wealthiest Kare 11: While student loan forgiveness won’t be taxed federally, Minnesota…
Many occupations require state licensing. Generally, however, cosmetologists and barbers are two of the most widely licensed occupations and also face the most burdensome restrictions compared to most other licensed…
In the year to July, prices rose by 8.5%. This was down from the 9.1% increase in the year to June, but it is a high rate which continues to…
Last week I wrote about how employment growth in the United States had stalled since March. While one set of statistics, those that count jobs, has shown strong growth since…
Economic development The Center Square: $4.3M Minnesota taxpayer subsidies expected to create 321 jobs Minn Post: Officials estimate ‘remarkable’ $650 million for Minnesota broadband from infrastructure bill Minneapolis/St. Paul Business…
Earlier this month, CNBC reported: Hiring in July was far better than expected, defying multiple other signs that the economic recovery is losing steam, the Bureau of Labor Statistics reported…
The Gross Domestic Product of the United States shrank in real terms for the first two quarters of this year. Very often, that would be called a recession, but not,…
According to Governor Tim Walz, And while celebrating ‘free the growlers,’ he said But is that true? Minnesota does have a historically low unemployment rate, but as I wrote yesterday,…
Minnesota’s unemployment is still at an all time low according to the Minnesota Department of Employment and Economic Development (DEED). The unemployment rate held steady at 1.8% in July 2022…
State and local taxes and spending KSTP: Minnesota’s film industry welcomes 6 projects after launch of tax credit program Mankato Free Press: Our View: Minnesota finances “above average” Bring Me…
One of the new media fashions is to put the phrase ‘Fact Check’ or some variation of it into the title of a piece. This is meant to tell you…
According to CNBC, The Department of Education announced Tuesday that it will cancel nearly $4 billion worth of federal student loans for 208,000 borrowers defrauded by a popular for-profit institution. All remaining…
This week I’ve debunked some popular explanations for America’s current bout of inflation and explained what the real cause is: the Federal Reserve’s massive expansion of the money relative to…
Yesterday I looked at popular explanations for America’s current inflationary woes and explained why they weren’t, in fact, its causes. So what did cause it? As I wrote last October,…
In the year to June, the Consumer Price Index rose by 8.5%. What caused this? Let us first eliminate some answers by looking at what didn’t cause this. As I…
Economic development Star Tribune: How did Minnesota become a window manufacturing hub? Labor market Grand Rapids Herald Review: Last six months strong for MN employment Minneapolis/St. Paul Business Journal: Transportation…
According to the Bureau of Labor Statistics, price levels were unchanged in July after rising 1.3 percent in June. And over the year, prices were up 8.5 percent, down from…
Two weeks ago, Governor Tim Walz unveiled a 10-year plan for boosting Minnesota’s economy. This plan is based on discussions from the governor’s 15-member Council on Economic Expansion which he…
In June, the Bureau of Labor Statistics (BLS) announced that the Consumer Price Index (CPI) had risen by 8.6 percent in the year to May. This was “the largest 12-month increase since…
Minnesota’s June unemployment rate of 1.8% prompted some celebration in our state’s media. Fox 9 trumpeted: Minnesota’s 1.8% unemployment rate in June was the lowest ever recorded by a state…
At a time when researchers are arguing about how to define a recession, things just got even more interesting. According to the Bureau of Labor Statistics (BLS) Total nonfarm payroll…
Labor market KAAL TV: 2021 data shows SE Minnesota had highest percentage of job vacancies in state KROC: SE Minnesota Sees Record Job Openings in 4th Quarter Pioneer Press: Real…