5.0. EDSR 12-08-2003 - Laserfiche WebLink

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The Developer-December/January 2004 12/2/03 12:16 PM legislators from those lists.Once again,EDAM members will get weekly tracking reports of legislation that may be of interest to members,along with regular updates on the status of our legislative issues.If you ever want to check on the status of a bill yourself or review the text of specific legislation,that information and more can be found on the Minnesota State Legislature s homepage at httn://www.leg.state.mn.us.If you have suggestions or questions on EDAM s legislative agenda call Marc Nevinski,Legislative Chair,at 763-767-6451,or me at 612-766-8759. You can also keep up-to-date on EDAM legislative issues on the EDAM Web site.On the home page there is a section called Legislative News where updates are posted regularly during session. back to top Labor Market News October Employment Jumps by Highest in Almost Four Years DEED Commissioner Matt Kramer announced that Minnesota s seasonally adjusted unemployment rate for October was 4.6 percent,unchanged from September. Seasonally adjusted monthly employment increased by 8,500,the biggest jump since February 2000,well before the onset of the recent recession.Every major sector except trade,transportation,and utilities(TTU) moved upward in October. The state s unadjusted unemployment rate for October was 4.1 percent. • Minnesota s recovery has been gaining momentum for the last several months,but October s employment numbers are even more encouraging than expected.It s one more sign that points to an energized economy in 2004, said Commissioner Kramer. ° Unadjusted Rates ° Seasonally Adjusted Rates Minnesota National Minnesota National October 4.1 percent 5.6 percent ° 4.6 percent 6.0 percent September 4.4 percent 5.8 percent ° 4.6 percent 6.1 percent A year ago 3.8 percent 5.3 percent ° 4.3 percent 5.8 percent County and substate figures for October should be available at www.mnworkforcecenter.org/lmi/taus/. back to top • • • • Employment Growth is Scattered Among Minnesota Communities Minnesota employment has contracted 2.7 percent since the start of the recession—but the recession has not impacted all industries and places equally.Newly released employment statistics from the DEED provide local details on where job losses and • gains have occurred over the past two years.In fact,the recession has noticeably rearranged rankings of Minnesota s growth leaders. http://www.ewald.com/EDAMENL/EDAMENL/EDAMDecJan2004/EDAMDecJan2004.htm Page 9 of 15