The Current State of the Minnesota Economy

Past Event

For our January chapter meeting, Dr. Laura Kalambokidis, Minnesota State Economist, spoke to our group of bank and non-bank risk management professionals about the state of the Minnesota economy. Dr. Kalambokidis walked our group through how Minnesota has had a different recovery from other regions of the United States. Primarily, Minnesota’s industrial diversity has helped the state recover more quickly than other states. There were a few other interesting points that Dr. Kalambokidis made about Minnesota’s economy:

  • Minnesota currently has the 5th lowest unemployment rate in the nation.
  • The leading labor market indicators are still strong in Minnesota and our labor market is very tight, however this is not leading to rising wages.
  • The labor-force growth is slowing as the population is aging. It’s unclear exactly what this means for Minnesota, but it is something to monitor.
  • International migration drives Minnesota’s net population growth. Our net domestic migration is negative, meaning more people born in Minnesota leave the state than people being born in other states move to Minnesota.

Thank you, Dr. Kalambokidis, for sharing your insights about the Minnesota economy with our group. If you’d like to learn more about risk management topics, please join us for future networking events for bankers and risk managers or attend our upcoming education classes for bankers in Minnesota.

Contact info@rma-mn.org if you would like to sponsor

 

Date

Wednesday, Jan 21, 2015

Time

11:30am - 1:15pm

Location

Hilton Minneapolis


1001 Marquette Avenue
Minneapolis MN 55402

 

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