Last week, state officials announced the unemployment rate for June. The 1.8 percent level recorded was the lowest ever logged, not just for Minnesota, but for any state in the…
According to the Department of Employment and Economic Development (DEED), as of June 2022, Minnesota’s unemployment is at an all-time low rate of 1.8 percent. Certainly, low unemployment is usually…
Minnesota’s economic train falls off the tracks.
In May, we celebrated when Gov. Tim Walz signed a bill to reform Minnesota’s liquor laws. The so-called “Free the Growler” bill raised the annual cap on craft beer production…
Up until 2019, New York City landlords in rent-stabilized apartments were allowed to reset rents once a tenant had moved out — also known as vacancy decontrol. But in 2019,…
This just in — Democrats are involved in negotiations that would revive the seemingly dead “Build Back Better” plan, or at least some parts of it. According to new reports,…
Inflation does not seem to be slowing down. In fact, according to the latest data from the Bureau of Labor Statistics (BLS), prices rose 1.3 percent in June compared to…
According to the Havard Joint Center for Housing Studies, the median house price has risen about 12 percent in the Twin Cities between Quarter 1 of 2021, and Quarter 1…
This just in: tenants in St. Paul are complaining that landlords are trying to get around St. Paul’s rent control ordinance by raising prices for utilities. What a shocker! Except…
The Bureau of Economic Analysis (BEA) has released figures for Gross Domestic Product (GDP) by state for the first quarter of 2021: Real gross domestic product (GDP) decreased in 46…
State and local taxes and spending CBS News: Scott Jensen seeks tax cuts to help Minnesotans cope with inflation Willmar Radio: Jensen wants to eliminate state income tax Voice of…
Anyone with basic knowledge of economics could have predicted that St. Paul’s rent control ordinance was going to be a disaster. That is one conclusion that numerous observers have made…
Last year, the President Biden celebrated and took credit for the fact that your Independence Day cookout would cost, on average, 16 cents less than it did in 2020: Since…
Tomorrow, the legal minimum wage in Minneapolis will go up. As Kare 11 reports, this is: …the third time since the city passed a wage ordinance in 2017. Small businesses with…
He superficially understands the “why” but has it all backward on the “what now.” A Pew Research poll last month found that 70% of Americans view inflation as a very big problem…
Across America, some 40% of the top-selling baby formula products were out of stock as of late April. The Twin Cities of Minneapolis and St. Paul are especially hard hit:…
Earlier this year, MinnPost reported that since the passage of rent control, housing permits in St. Paul were down considerably compared to Minneapolis. According to the US Department of Housing…
Two weeks ago, I wrote about how Minnesotans’ per capita Personal Incomes were falling in real terms. The Bureau of Economic Analysis (BEA) released data today for the first quarter…
On Thursday, June 22, the Minnesota Department of Employment and Economic Development (DEED) announced that Minnesota’s unemployment was at yet another historic low. According to DEED, Minnesota’s unemployment rate dropped…
On Wednesday, the Federal Reserve announced that it is raising interest rates in an effort to curb inflation. The Fed will hike rates by 75 basis points — or 0.75…
Labor market WJON: Many Companies Turning to Teenagers to Fill Open Positions Star Tribune: Minnesotans with disabilities feel left behind amid workforce shortage Kare 11: More than 214,000 jobs open…
Writing about the April inflation figures last month, I noted that “gas prices have been ticking up again recently… and this will be reflected in next month’s CPI numbers.” That…
If you need more convincing of the economic fact that high and rising housing prices are a result of demand outpacing supply, take a look at what is happening in…
Louis D. Johnston, a Professor of Economics at College of Saint Benedict | Saint John’s University, wrote a column for MinnPost back in December titled: ‘An overlooked piece of good…