No industry was hit harder by the Great Recession than construction, with residential construction bearing the brunt of the losses. We analyze the impact on Northeast Minnesota's Construction Industry.
The Minnesota Index advanced for the 45th straight month in July after turning the corner from the Great Recession in November 2009. Minnesota’s economy as measured by the Minnesota Index has increased 10.7 percent since the recovery began.
The July CPI-U for all items increased 0.2 percent over the month, seasonally adjusted. The index increased 2.0 percent from July 2012, not seasonally adjusted. All subcategories increased at about the same pace as the overall.