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State's Economy Continues to Outshine Neighbors

Monday, June 26, 2017   (0 Comments)
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Rochester Post-Bulletin

Modest Minnesotans don't necessarily like to be in the spotlight, but perhaps now would be a good time to take a bow.

The U.S. Bureau of Labor Statistics has released the latest numbers for 2016, and in several economic categories Minnesota comes out much better than its neighbors — better in fact, than much of the rest of the nation. Despite all the complaining, doomsday talk and naysaying from various factions about the state's economy, we must be doing something right. Or, at least, we're doing more right than most other states.

The headline is that employment in Minnesota grew by 1.3 percent in 2016, compared with 0.5 percent in Wisconsin and South Dakota, and 0.1 in Iowa, and minus 3.2 percent in North Dakota, where the oil boom went bust.

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