No, Minnesota is not ‘dead last’ in the Midwest in job growth
Like so many things having to do with the economy, the picture looks different depending on which data you consult.
Louis Johnston writes Macro, Micro, Minnesota for MinnPost, reporting on economic developments in the news and what those developments mean to Minnesota. He is Professor of Economics at College of Saint Benedict | Saint John’s University.
Like so many things having to do with the economy, the picture looks different depending on which data you consult.
Though this round of government data prompts more questions than answers when it comes to understanding what’s really going on with Minnesota’s economy.
And now — with interest rates at historic lows — we’re missing a golden opportunity to make important long-term investments.
A new paper estimates that the net number of jobs lost in the United States from 1999 to 2011 due to import competition is far bigger than anyone thought.
The decision is only a victory for those who think international trade is a zero-sum game.
For the first time, economists are able to see what is happening quarter-by-quarter in the individual states, giving a more nuanced view of the economy.
Why it was built. How it makes money. And how a Minnesota connection was instrumental in its construction.
When it comes to economic growth, job creation and employment, Minnesota is more than holding its own.
Seasonal effects are quite strong, but the annual data show that unemployment in Bemidji, as on the Iron Range, rose during the recession and has now returned to its 2007 level.
Economists — at least those not associated with host committees — find that economic impact studies overestimate the benefits of events like the All-Star Game and the Super Bowl.
Rather than reacting to each individual economic problem as it comes up, let’s think systematically about how we can build a better labor market for everyone.
How did we come to be fighting over this route? The answer is rooted in how metropolitan economies developed in the late 19th and early 20th centuries.
How did we get in this mess to begin with? As usual in American public policy, it’s a combination of historical accident and a chronic fear of centralized power.
In resolving the dispute, there’s no sense in getting hung up over how to measure inflation.
Who knows how long it will take to sort through the seismic economic events of the past eight years?
The Minnesota Orchestra could stage a series of free concerts throughout the state — paid for by Target.
Collaboration between the Minneapolis Fed and the university has been a fruitful model for other universities and Federal Reserve banks.
Economists still don’t understand how financial markets work — and this shouldn’t bother us.
Naming Janet Yellen to the the Federal Reserve Board is a beginning, but there are at least three, and perhaps four, other positions coming open.
The orchestra’s governing body probably is betting on economic rules that could result in costs declining and revenues increasing.
By Louis D. Johnston | Columnist
Sept. 16, 2013