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…
This week, Minnesota Daily reported: The University of Minnesota announced Wednesday via a systemwide email it will increase the student minimum wage to $15 per hour. The change will take…
The proposed Inflation Reduction Act won’t reduce inflation but will increase taxes. A report from economists at Moody’s Analytics said the opposite – or at least it appeared to. Business…
Poor public policies lead to some hard lessons.
As the White House continues to argue we aren’t in a recession, and with the National Bureau of Economic Research not providing an authoritative answer on the topic, the debate…
Only a few things are as expensive for Minnesota parents as child care. According to data from Child Care Aware, the average family in Minnesota spent over $16,000 to send…
Labor market CBS News: Minnesota unemployment rate hits a record low of 1.8% in June Axios: Minnesota unemployment rate drops to historic low KIMT 3: Minnesota’s unemployment rate hit another…
Seems to be the question on a lot of people’s minds. Earlier today, the Bureau of Economic Analysis (BEA) released GDP data for the second quarter of this year. And…
Minnesota’s childcare crisis hurts parents, children, and the communities they live in.
In May, I wrote about Census Bureau data which showed that in 2021 Minneapolis lost 3,678 residents (a decline of 0.9% in its population): To put this in context, in…