Despite the length of our recovery and the jobs that we have regained, the severity of the recession and the often feeble nature of employment growth still leave us shy of a complete recovery.
DEED Commissioner Katie Clark Sieben visited the Mankato area for a day of site visits with local businesses and stopped at the Verizon Wireless Center to highlight Gov. Mark Dayton’s bonding proposal that would provide the city $14.5 million to fund an addition to it.
Personal income in Minnesota plunged during the Great Recession, driven by a combination of job losses, reduced work hours, delayed raises, wage cuts and other factors. Many of those factors have reversed direction since then, helping to boost real per capita income over the last three years.