A look at different statistics for 17 cultural groups in Minnesota helps illustrate how different residents are doing economically.
Economy
The month’s job losses mark the first over-the-year total employment decline since 2010.
The state also flipped its jobs report from December 2018 from 500 jobs gained to 800 jobs lost, which increased Minnesota’s unemployment rate to 2.9 percent that month.
Among the recipients of the awards are Cantel Medical Group and Up North Plastics, which is planning a more than $100 million project that is expected to create 200 jobs.
The Medical Alley Tech Association lauds the move, noting that the Angel Investment Tax Credit generated at least $108 million in investment in the state’s health tech industry over a five-year period.
Despite concerns over trade and weakness
in the agriculture sector, Minnesota bankers expect to see the state’s economy continue
to grow this year.
An annual report by the Minneapolis Downtown Council revealed that amid a population hike, top employers in the city relatively consistent, though some glaring changes from 2017 did occur.
From 2010 to 2017, Minnesota had such a program, which rewards what can be a high-risk bet on entrepreneurs and nascent startups. Reinstating it has been a popular idea among lawmakers from both parties so far in the 2019 legislative session.
Under normal economic assumptions, when the supply of something—labor—is low, its price—wages—should go up.
The state lost 800 jobs over the last five months of 2018, yet the unemployment rate remained low.
The state's unemployment rate remained as is for the fourth straight month.
In a $1.8 million project, the company is relocating to a 68,000 square-foot space in St. Paul’s Midway Innovation Center. The move will add 135 jobs to the city’s labor market.
Greater MSP and the state's Department of Employment and Economic Development fought against the bid's disclosure.
Why young professionals are flocking to the region.
The latest DEED report states Minnesota’s jobless rate held firm even as employers shed 800 jobs in November.
Of the 100 biggest metro areas in the U.S., Chicago is one of just 10 that lost population.
The six businesses are expected to collectively add 381 job opportunities and invest more than $48 million into Minnesota’s economy.
The largest of businesses in the city will have until mid-2022 to comply, while “micro” companies will have an extra five years.