My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
5. EDSR 09-11-2006
ElkRiver
>
City Government
>
Boards and Commissions
>
Economic Development Authority
>
EDA Packets
>
2003-2013
>
2006
>
09-11-2006
>
5. EDSR 09-11-2006
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
9/30/2011 11:16:25 AM
Creation date
9/30/2011 10:07:44 AM
Metadata
Fields
Template:
City Government
type
EDSR
date
9/11/2006
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
144
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Appendix E: Relevant News Articles (cont.) <br />Copyright 2005 Star Tribune <br />Star Tribune (Minneapolis, MN) <br />April 24, 2005, Sunday, Metro Edition <br />SECTION: BUSINESS; Pg. 1D <br />LENGTH: 945 words <br />HEADLINE: State lagging in job creation; <br />The economy is OK in Minnesota, but it created just 1,000 jobs in the first quarter. <br />BYLINE: Mike Meyers; Staff Writer <br />BODY: <br />In case no one has noticed, Minnesota no longer is above average. <br />While businesses in the state have been posting good numbers so far this year, job growth -one of the <br />past standout items of the Minnesota economy -has stayed lower than the national pace and recently <br />has looked all but anemic. <br />In a state with 2.7 million workers, only 1,000 net new jobs have been added to payrolls in the first three <br />months of 2005, according to the Minnesota Department of Employment and Economic Development. <br />In the 1990s, Minnesota's economy generated an average of more than 13,000 jobs every three months. <br />Jobs are only part of the story, albeit one that matters greatly to Minnesota's more than 148,000 <br />unemployed. In other respects, the Minnesota economy appears to be performing well, with no signs of <br />hitting the "soft patch" that some commentators have worried is beginning to bog down the national <br />economy. Minnesota corporate profits are on the rise, state income and sales tax revenue are climbing, <br />and manufacturing is making a comeback. <br />But the state of the job market, where economists have the latest figures on how the Minnesota economy <br />is performing, is sending the experts fumbling for adjectives to describe their concern. <br />"That's troublesome, disturbing, bothersome," said Tom Stinson, Minnesota state economist. <br />"It's been very lackluster so far," said Steve Hine, labor market research director for the economic <br />development department. "We've seen very sluggish job growth." <br />Call the reasons part of an unsolved mystery. Some Minnesota companies say that rising energy prices <br />and soaring health insurance premiums have caused them to think twice about adding workers. <br />"The culprit people are pointing at is energy prices. We're not immune from the ravages of $2.25 a gallon <br />[gasoline]," Hine said. "That's certainly been a pretty strong headwind that's kept the state and national <br />economy from growing rapidly in terms of jobs." <br />For example, Northwest Airlines, a company struggling with rising fuel prices and low-fare rivals, recently <br />announced plans to cut 900 mechanics from its workforce, suggesting that mass layoffs are not yet a <br />
The URL can be used to link to this page
Your browser does not support the video tag.