GDP is not just an obscure word on paper. Whether our level of production shrinks or expands has serious implications on our living standards, quality of life, and general wellbeing.…
It’s a simple fact that income levels in most low-cost states cannot support a $15 minimum wage.
The reality is that on average Minnesotan's shoulder a higher tax burden compared to other states.
New BEA estimates show that Minnesota's GDP in the third quarter grew at an annual rate of 36.3% largely due to the reopening efforts that took place during this period.
The dollar amount of tax revenue seems far more likely to be a function of the size of the state’s economy than of its tax rates. If you want more…
According to the Bureau of Economic Analysis, GDP in the third quarter grew at an annual rate of 33.1%, as businesses continued efforts to reopen. What this new data shows,…
Since the fourth quarter of 2019, GDP has fallen by 10.1% nationally and by 10.6% in Minnesota, making us the 32nd worst hit state.
The Franchise Formerly Known as the Redskins should take a leaf out of the Packers' book and take their name from the city's employment.
American 'liberals', who claim to be so much more worldly than their 'conservative' countrymen and women, can be thoroughly parochial themselves. Blaming the Trump administration for the record economic collapse…
Our economy has suffered terrible damage this year. When you shut large chunks of it down to combat a virus, that can only be expected. Other countries have experienced similar…
Minnesota's economy weathered the first three months of 2020 better than the US as a whole, but worse than its neighbors to the south and west.
The ever-upward march of government spending ought to be halted. We couldn’t afford in the fat years, and we can’t afford in the lean ones.
Just in time for the state’s Quarterly Economic Report due to be released on Friday, the Bureau of Economic Analysis released its estimate of GDP growth by state for 2019.Minnesota…
Preliminary numbers show that, in 2019, Minnesota’s GDP growth ranked 38th out of the 50 states and District of Columbia and lagged the national growth rate for the fourth year…
Over a longer or a shorter period, data shows that Minnesota's economy is growing at a slower rate than the US generally.
It isn't quite true that Minnesota's economy is "outperforming its neighbors", and we shouldn't forget that our competition isn't just the states next door, but every state in the union.
This morning, our economist, John Phelan, spoke before the House Ways and Means Committee on HF150, which would require that the inflation rate be included in the state economic forecast.
To boost GDP per capita as well as total GDP, immigrants need to be more likely to be employed than workers already resident and/or more skilled.
The 2019 figures for total state spending - $42.6 billion - and per capita state spending - $7,548 - are the highest in Minnesota's history. Before state government takes more of…
In the third quarter of 2019 Minnesota's economy grew at an annualized rate of 2.0% compared to a national rate of 2.1%. It was the fourth consecutive quarter that our…
Between 2010 and 2018, the US economy grew by 19.5% while Minnesota’s economy grew by 17.2%. Our state's growth matched that of the United States generally from 2010, but diverged…
The very real challenges facing Minneapolis will not go away because Mayor Frey gets into a Twitter spat with President Trump.
An aging population and increased Social Security spending might mean that income from transfers will increase. But it is a source of concern that it is increasing so much faster…
Minnesota's diverse economy is a great source of strength for the state. But, as the last boom and boost shows, we cannot afford to be complacent.