economy

47,000 Minnesotans stopped looking for work in October, jobless rate falls to 4.6%

BY: - November 19, 2020

Minnesota’s unemployment rate fell to a seasonally adjusted 4.6% in October, down from 5.9% the month before, largely because many people have stopped looking for work.  The Minnesota Department of Employment and Economic Development on Thursday reported that Minnesota employers added 13,200 jobs last month, while 47,018 people stopped looking for work. Prior to the […]

On Labor Day, little to celebrate for American workers

BY: - September 7, 2020

Many Minnesotans will be free from work today because of the federal Labor Day holiday, but the average worker has had little to celebrate in recent decades.  Between stagnating wages for working and middle-income Americans and persistent pay gaps that have left women and people of color behind, there hasn’t been much progress for workers […]

Minnesota’s unemployment rate tops 8%

BY: - May 21, 2020

Minnesota’s unemployment rate rose to just over 8% in April, up from 2.9% the month before, as workers face sweeping job cuts amid the COVID-19 pandemic. That means 249,453 Minnesotans were jobless in April, according to data released Thursday by the Minnesota Department of Employment and Economic Development. The new figures are the first look […]

Amid allegations of favoritism to red states, Minnesota firms did well in scramble for federal money

BY: - May 13, 2020

More than 46,000 Minnesota businesses received a total of $9 billion in loans during the first round of federal small business coronavirus relief, a larger sum than most states.  The Paycheck Protection Program loans have been critical in helping businesses in Minnesota and across the country avoid layoffs during the COVID-19 crisis.  But the program […]

Analysis: Data show the crippling effects of the pandemic on small business

BY: - May 13, 2020

We know small businesses are getting hit hardest by the economic fallout from COVID-19.  How bad is it? We’re still a little in the dark because so many of these small companies have simply vanished. They are not responding to surveys as they usually would from governments, chambers of commerce and trade associations. But from […]

Heartland governors create regional pact to reopen economy as state Republicans push for faster action

BY: and - April 16, 2020

Gov. Tim Walz on Thursday announced a pact with six other Midwestern governors to coordinate on a strategy to reopen their states for business. At the same time, he provided no timeline for phasing workers back into their jobs and stressed the need for widespread testing to better track COVID-19. Walz’s administration is also seeking […]

COMMENTARY

We call them “essential” workers now, but they’ve always been

BY: - April 10, 2020

My mom is a childcare provider in northern Minnesota. She’s started doing that job after she raised my sisters and me. She specializes in infants because she loves babies. She loves babies a lot more than she likes money. I know this because she could earn more at Wal-Mart or a fast food restaurant than […]