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6.3 EDSR 12-19-2016
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6.3 EDSR 12-19-2016
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12/30/2016 11:00:18 AM
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12/16/2016 12:26:32 PM
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City Government
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EDSR
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12/19/2016
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The overall Minnesota economy remains healthy: <br />• Nonfarm Employment: 2.89 million (10/2016) <br />— Strongest Sectors: Food, Technology, Logistics, Manufacturing <br />• Unemployment rate: 4.0 percent (10/16) — slightly up over <br />past 6 months <br />— In October, 12 percent of unemployed Minnesotans have been <br />without a job for 27 or more weeks, down from 14.7% in June <br />— Approximately 100,000 total open positions, seemingly <br />unchanged in past 12 months. <br />— USA has a 4.9% UE rate (10/16), steady from June <br />• 69% labor participation rate (slightly down from June; <br />seventh highest in the nation (62.8% in the nation) <br />EMPLOYMENT AND <br />ECONOMIC DEVELOPMENT <br />mimmeSOTA <br />
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