Minnesota received hopeful economic news today about our continued recovery. In May we created 5,600 jobs according to the Department of Employment and Economic Development (DEED). This is the first time since 2008 we’ve seen two consecutive months of job growth.
Since the low point of the recession in September of 2009, we have created over 34,200 jobs. The road to recovery will be long, and not without setbacks, but it’s clear Minnesota is finally moving in the right direction.
Minnesotans are also making their way back to a full work week, an important economic indicator for a healthy economy. The average week increased to 33.1 hours. That is a boost from the 32.7 hours in January 2010.
Legislation we passed this session will help accelerate our recovery. Our bonding will put thousands of construction jobs across many different sectors. New workers will help improve our infrastructure and encourage entrepreneurship throughout Minnesota.
It will take time for our economy back to recover fully, but we’re on our way. We need to continue being proactive at the state level and pursue innovative reforms to create jobs and build our new economy for a successful future.
Posted on Thursday, June 17, 2010 by Erin Murphy,