The Minnesota Department of Employment and Economic Development will give $4.3 million of taxpayer money to five private businesses through the Minnesota Job Creation Fund and the Minnesota Investment Fund.
The state says these projects will create 321 jobs over the next three years and will eventually boost the local tax base.
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The health care industry in Minnesota is experiencing a record-high number of job vacancies.
That’s according to a bulletin sent Monday by Minnesota’s Department of Employment and Economic Development (DEED). The figures included in the report come from DEED’s job vacancy survey, which was conducted in the second quarter of 2021 — before many vaccine mandates took effect.
Although staffing shortages have long been common in the health care industry, the problem has significantly worsened as the COVID-19 pandemic has dragged on.
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The Federal Emergency Management Agency (FEMA) approved for Minnesotans to receive $300 in weekly unemployment benefits this fall. FEMA Administrator Pete Gaynor issued the grant through the Lost Wages Supplemental Payment Assistance program.
The approval comes one day after Governor Tim Walz announced his decision to apply for additional unemployment payments. Walz explained this was a necessary decision based on the continued COVID-19 mandates.
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Minnesota’s unemployment rate increased to 8.1 percent in April, the first full month impacted by coronavirus restrictions.
Between March and April, the state’s unemployment rate jumped from 2.9 percent to 8.1 percent. Nationally, the unemployment rate rose from 4.4 percent in March to 14.7 percent in April.
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Minnesota has now seen more unemployment applications during the coronavirus pandemic than during the “Great Recession,” the state’s chief economic commissioner revealed Thursday.
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Minnesota has seen 464,513 new applications for unemployment insurance since the beginning of the coronavirus pandemic.
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Minnesota has seen 385,318 new applications for unemployment insurance since the beginning of the coronavirus pandemic, Department of Employment and Economic Development (DEED) Commissioner Steve Grove said Thursday.
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Minnesota has seen 182,000 workers apply for unemployment insurance since the beginning of the coronavirus pandemic, Department of Employment and Economic Development (DEED) Commissioner Steve Grove said Thursday.
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Minnesota’s Department of Employment and Economic Development, or DEED, released its monthly jobs report Thursday, and the results weren’t good for Gov. Tim Walz’s first full month in office. According to the report, Minnesota lost 8,800 seasonally adjusted jobs in February, and the unemployment rate climbed from 3 percent to 3.1 percent, compared to a national unemployment rate of 3.8 percent. February 2019 saw 1,364 fewer jobs than February 2018 and was the first month of annual job decline since July 2010. Of the 11 major industries, seven saw job declines, with construction losing the most at 3,800 fewer jobs. “The most significant decline this month was in construction, losing 3,800 jobs—not shocking given the brutal February we had,” DEED Commissioner Steve Grove said in a news release. “Along with that, we know that Minnesota faces dwindling labor force growth—we can’t have job gains without people to fill the positions.” The trade, transportation, and utilities industry dropped 3,000 jobs, while education and health care lost 2,300 jobs, and manufacturing lost 1,600. The largest gain was recorded in the professional and business services industry with 1,300 new jobs, followed by 1,000 new jobs in financial activities, and 400 new jobs in…
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