Search results
Oct 18, 2024 · Wages have risen twice as fast as inflation on average over the past year in Minnesota, which has pushed workers’ buying power back to where it was before inflation took off in 2021, according to data released by the state Department of Employment and Economic Development.
Nov 9, 2021 · The results suggest that in three of the five sectors, average wages grew around 6 percent to 7 percent more in Minneapolis than they would have otherwise. The impacted sectors are retail trade, administration and support, and other services.
Most low-wage sectors in Minneapolis saw average hourly wages increase, but almost none saw significant changes in total jobs, hours worked, and earnings. • The analysis focused on sectors in which large shares of workers earned less than $15 per hour:
Wages and salaries were down 3.6% while total benefits were down 4.2% over the year. Additionally, it appears that private sector employers were more able to respond to the rapidly rising prices and tight labor market conditions that took hold in early 2021.
Sep 11, 2023 · Housing is gobbling up more of people’s wages, as are rising prices for necessities like food, health care and child care. The state also has persistent racial and gender disparities in income. Here are five charts on the state of labor in Minnesota.
Feb 27, 2023 · A year of high prices and rising interest rates has strained profits for many businesses across the Ninth District, according to a recent survey by the Federal Reserve Bank of Minneapolis.
Aug 3, 2024 · Professional and business services firms have struggled to find qualified workers even as the labor market has softened, according to the results of a survey the Minneapolis Federal Reserve and...
