As much as 17% of the workforce is unemployed, or around 22 million workers. For perspective, the unemployment high during the great recession was 10%. Here is a nifty chart from Forbes: So, are we faced with another long, slow recovery? Well, the fact that the figures are so huge and impact so rapid, it's... Continue Reading →
Construction in Minnesota – How Is The Shutdown Affecting Our Builders?
Construction, specifically new builds (housing and commercial) are leading indicators of the economy. As of February 2020, there were about 125,000 Minnesotan workers employed in construction, representing a little over 4% of the total state workforce. Construction as a whole contributed a whopping 11.3 billion dollars to the MN GDP in 2018 (the most recent... Continue Reading →