Minnesota one of only five states with unemployment rate lower than prerecession

Minnesota is one of only five states that now have lower unemployment rates than before the recession, reports the Washington Post.

And Minnesota, with an unemployment rate now 1.1 percent lower than that in December 2007, is in the best position of the five, the story says.

The others, North Dakota, Michigan, Ohio, and Alaska, are between .4 and .8 percent lower.

Meanwhile, New Mexico, Georgia, Alabama and Maryland, all more than 3 percent above their December 2007 figures, the story says.

An expert, John Herrman of Mitsubishi UFJ Securities USA Inc., told Bloomberg Businessweek. “There is a tremendous disparity, not a uniform recovery at all, with the performance of the economy much more skewed on a regional basis.”

Minnesota officials reported last month that unemployment in August had fallen to 4.3 percent, with 56,000 jobs added in the previous 12 months.

Comments (8)

  1. Submitted by Thomas Swift on 10/15/2014 - 08:36 am.

    Minnesota is also #11 nationally for underemployed people.

    http://www.americashealthrankings.org/Measures/Measure/MN/Underemployed

    Burger flipping is an honorable job, but I think Minnesota could do better if it had a Governor and legislature that didn’t look down and spit on the ground every time corporate America was mentioned.

    • Submitted by jason myron on 10/15/2014 - 03:14 pm.

      LOL

      shouldn’t you be more concerned about South Carolina’s ranking of 40th? I’m struggling to figure out why you care about what happens up here…you come off like a spurned boyfriend stalking the girl that dumped you.

      • Submitted by Thomas Swift on 10/15/2014 - 05:37 pm.

        Unfortunately, I have family members still up there, as well as several investment properties I’m unable to unload in Minnesota’s foundering housing market. It’s more like the coyote ugly girl you wake up with after a lost night that you just can’t get rid of.

        We don’t have as many fast food joints down here, Myron. The burger flipping opportunities all point North.

        • Submitted by jason myron on 10/15/2014 - 05:55 pm.

          Spare me, Thomas…

          Seriously, why do you persist in throwing out this dreck? I know you’re not stupid enough to believe this stuff. Do you really despise Democrats this much?

          • Submitted by Thomas Swift on 10/16/2014 - 07:47 am.

            It’s all there, Myron. Provided a link for you to click.

            Minnesota is one of 5 states with unemployment rate lower than prerecession, and it’s also #11 in the country for underemployed people. Maybe you don’t understand the term:

            “Underemployment refers to an employment situation that is insufficient in some important way for the worker, relative to a standard.[1] Examples include holding a part-time job despite desiring full-time work, and overqualification, where the employee has education, experience, or skills beyond the requirements of the job.”

            And, a link for you to enlighten yourself:

            http://en.wikipedia.org/wiki/Underemployment

            I don’t despise Democrats, I just can’t figure out how they manage to navigate through life so wrong about everything.

            • Submitted by Theo Kozel on 10/16/2014 - 03:47 pm.

              Correction

              Unfortunately you don’t understand the statistics you are citing, Mr. Swift.

              That #11 does not mean 11th MOST underemployed, it means 11th LEAST underemployed, as corroborated by this table from the Bureau of Labor Statistics which breaks all unemployment measures down by state-

              http://www.bls.gov/lau/stalt.htm

              1) North Dakota 5.5%
              2) South Dakota 6.9%
              3) Nebraska 7.3%
              4) Wyoming 7.9%
              5) Utah 8.5%
              6) Vermont 8.5%
              7) Iowa 9.0%
              8) Oklahoma 9.7%
              9) Kansas 10%
              10) Minnesota 10%

              As can be seen above, Minnesota is actually tied for 9th best in the country by U6 unemployment, so in addition to you not understanding the source you cite, the data from that source must be slightly out of date.

              But please continue with your lecturing about managing to navigate through life so wrong about everything, the irony is wonderful.

              • Submitted by Thomas Swift on 10/17/2014 - 07:28 am.

                Hold on, Theo. U6 is a compilation of several factors, including underemployment, but the BLS chart doesn’t say what percentage of total each component contributes.

                If a state has a high number of college grads working at jobs that don’t require college, like say, Minnesota, your going to see low unemployment numbers but high underemployment. Other states having higher unemployment overall with a slightly lower college grad population are going to score lower.

                The statistic I cited finds Minnesota has the 11th highest underemployment rate in the country. That makes sense given the high population of college grads. These things take some thought on the part of the reader to figure out sometimes, it’s not always laid out in black and white. But rather than lecture you, allow me to step aside and let a fellow lefty explain it to you kindly:

                http://www.startribune.com/opinion/commentaries/253971551.html

  2. Submitted by Todd Hintz on 10/15/2014 - 12:26 pm.

    Unemployment

    It just goes to show that our governor and legislature are doing a good job. Were it up to the Republicans we would still be in a recession and probably a depression. They didn’t want to extend unemployment benefits and wanted to balance the budget with more borrowing from schools, sacrificing our future to pay for today.

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