Twin Cities jobless rate lowest in U.S., MN factories in high gear

Official Newsletter  |  July 2, 2014

 

Gov Dayton

Twin Cities jobless rate is the lowest in U.S.

StarTribune | July 2, 2014

The Twin Cities boasts the best unemployment rate of any large metropolitan area in the United States as a wave of recent hiring boost the local economy.

Job growth across a mix of industries in the Minneapolis-St. Paul area lowered the jobless rate to 4.0 percent in May, edging out Austin, Texas, and Columbus, Ohio, for the nation’s lowest rate, the U.S. Department of Labor reported Tuesday.

“It’s fantastic news,” said Katie Clark Sieben, commissioner of the Minnesota Department of Employment and Economic Development. “This is a reflection of the healthy economy and a labor force we have in the state that’s very well-educated and hardworking.” [Read More]


MINNESOTA FLOODS: Dayton estimates damage at $32 million

Fox 9 | July 1, 2014

The flood waters in some parts of Minnesota are receding, but the damages are adding up fast. Gov. Mark Dayton said initial damage estimates are coming in at $32 million, which should qualify the state for federal disaster relief.

“That hasn’t been verified by FEMA, but it makes it almost certain that we will qualify for the $7.3 million threshold for the state,” Dayton said, adding that he hopes the state will submit a disaster request to FEMA next week. [Read More]


Our View: Highway 14 funding moves forward

Mankato Free Press | July 2, 2014

A week or so after Mankato officials broke ground on the new $75 million Wal-Mart distribution center, more good news for southern Minnesota commerce surfaced when Gov. Mark Dayton’s administration announced more funding for Highway 14. [Read More]


New Minnesota law tightens collar on dog and cat breeders

StarTribune | July 2, 2014

Last month, someone bought a puppy from a breeder selling dogs out of a house in rural Carlton County. When it was found to be in ill health, the buyer complained to the sheriff.

The sheriff reported it to the Animal Humane Society, which found 49 dogs, including 13 puppies, in the breeder’s house. All were turned over to the Humane Society.

That’s how it has always worked in Minnesota — irresponsible commercial breeders haven’t faced consequences unless someone reports them.

Now that has changed. As of Tuesday, Minnesota cat and dog breeders are required to register with the Minnesota Board of Animal Health. And starting next year, they will have to be licensed. [Read More]

Capitol

Minnesota boosts budget reserves to a high of $811M

Star Tribune | July 2, 2014

Minnesota added more stuffing to its financial cushion to soften the effect of tough economic times.

On Tuesday, the start of a new fiscal year, the state boosted its budget reserves to $811 million. The reserve amount, which will be increased automatically if the state has budget surpluses, now is at the highest level in state history.

The budget reserve fund, which long stood at $653 million, serves as the state’s savings account for tough times. During budget downturns, governors and Legislatures pull cash from the fund to backfill deficits.

The $150 million boost to the so-called “rainy day fund” gives state ledgers a bit more leeway should accounts turn red again.

DFL Gov. Mark Dayton and his chief financial steward cheered the cash bump. [Read More]


Minnesota's factories are in high gear

Star Tribune | July 1 , 2014

A jump in exports, domestic sales and factory ­hiring pushed a key Midwest manufacturing index to the highest level in three years, bolstering confidence that a recovery in manufacturing remains robust. Minnesota had the highest rating in the nine-state survey.

Creighton University’s Mid-America Business Conditions Index rose to 60.6 in June from 60.5 in May. The solid report, released Tuesday, was a result of a surge in orders and hiring for factories pumping out appliances, machinery and other durable goods. [Read More]


This email was sent to editor@woodsnews.com using GovDelivery, on behalf of the Office of the Governor · 130 State Capitol · 75 Rev. Dr. Martin Luther King Jr. Blvd. · Saint Paul, MN 55155 · 800-657-3717
Powered by GovDelivery

back to woodsnews