The missing economic boom
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…
In data released for October, Nebraska records the nation’s lowest unemployment rate, at 1.9 percent. Last week, unemployment figures also were released for the state of Minnesota, showing an unemployment rate of 3.5 percent.
At 3.5 percent unemployment, Minnesota is back to the pre-pandemic level of March 2020 and well below the national rate of 4.8 percent.
Minnesota’s labor force participation rate held steady at 67.8 last month, below the 70.2 percent level of March 2020. The state’s unemployment rate may have returned to “normal” in 2021, but with a noticeably smaller workforce.
Compared to the national figure of 4.8 percent, here are the October unemployment rates of nearby states:
Nebraska: 1.9 percent
South Dakota: 2.8
North Dakota: 3.3
At 1.9 percent, Nebraska has the lowest unemployment rate ever recorded for a state, since record-keeping began in 1976. Since the start of the bicentennial year, the lowest rate ever recorded in Minnesota was 2.5 percent in February 1999.
Other than Nebraska and South Dakota, there are five states with October unemployment rates below 3 percent: Idaho, New Hampshire, Oklahoma, Utah, and Vermont. All seven states have Republican governors.
Last summer, we went all over the state with our Off the Cliff tour. In it, we reviewed what had happened in the last legislative session in St. Paul. Among…
When lawmakers legalized marijuana last session, they also set aside tens of millions of tax dollars to subsidize the marijuana industry. The bill that legalized marijuana, HF 100, instructed the…
But you already knew that. Although he has not yet been charged in the Thanksgiving-eve fatal stabbing at an Edina bus stop, KSTP-5 has named the 32-year-old suspect in the…
Evan Ramstad at the Star Tribune wrote a great story highlighting the multitude of entirely foreseeable potholes that electric buses are hitting in towns across Minnesota. The piece is solid…
The legislature appropriates more money, the unions grab it for salaries, the school board cuts middle school band, and everyone blames the legislature for underfunding. Rinse and repeat.