Economic report is upbeat
Monday, January 10, 2011
The Central Minnesota economy is improving, but remains weak, according to the St. Cloud Area Quarterly Business Report.
The January 2011 report (PDF), authored by St. Cloud State economists Rich MacDonald and King Banaian, notes that while "overall employment gains in the private sector remain weak, other labor market indicators are among the best that have been seen for more than two years."
Eighty-six area firms responded to the January survey.
Key report findings:
St. Cloud Area Quarterly Business Report is a joint venture of the St. Cloud Area Economic Development Partnership, Times Media and these St. Cloud State entities: Center for Economic Education, Department of Economics and the Social Science Research Institute.
The report is published in ROI Central Minnesota, a Times Media publication.
MacDonald's doctorate is from Binghamton University, State University of New York. Banaian holds a doctorate from Claremont Graduate School, Claremont, Calif.