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Full-Text Articles in Economics
St. Cloud Area Quarterly Business Report, Vol. 24, No. 3, King Banaian, Mana Komai
St. Cloud Area Quarterly Business Report, Vol. 24, No. 3, King Banaian, Mana Komai
St. Cloud Area Quarterly Business Report
Drs. King Banaian and Mana Komai Molle discussed the strong employment situation in the St. Cloud MSA, led by the construction sector. The St. Cloud Area Quarterly Business Survey showed weaker business activity in the last three months, and business leaders expect less growth in the next six months. There was a sharp difference of opinion among them about whether we were in a recession or soon entering on. In response to higher input prices, a majority believe those can be passed onto consumers, but a significant number reported smaller profit margins.
St. Cloud Area Quarterly Business Report, Vol. 24, No. 2, King Banaian, Mana Komai
St. Cloud Area Quarterly Business Report, Vol. 24, No. 2, King Banaian, Mana Komai
St. Cloud Area Quarterly Business Report
St. Cloud area unemployment reached its lowest point since measurement began in 1990, registering at 1.8% in April 2022. Area economic growth was very strong in the months leading out of the Omicron wave of the pandemic, with a majority of survey respondents reporting higher business activity in the February to April period. Over 70% reported paying higher wages and charging higher prices for their goods and services. 5 of 6 leading indicators were positive. In special questions, more than 70% of surveyed businesses did not lay off workers but of those that did a majority did not return many …
St. Cloud Area Quarterly Business Report, Vol. 24, No. 1, Richard A. Macdonald, King Banaian
St. Cloud Area Quarterly Business Report, Vol. 24, No. 1, Richard A. Macdonald, King Banaian
St. Cloud Area Quarterly Business Report
As the pandemic subsides, the new year has ushered in a long awaited broad-based area economic expansion. Virtually all sectors of the area economy experienced employment growth as the area added more than 3,600 jobs over the year ending January 2022. Firms’ future outlook remains very strong, but is clouded by accelerating inflation (and accompanying wage pressures) and persistent labor shortages.
Data released by the Minnesota Department of Employment and Economic Development (DEED) indicate St. Cloud area employment increased 3.6% over the twelve months ending January 2022 (but is still 3,144 below its pre-pandemic level two years ago). Local job …