The Federal Reserve Bank of Minneapolis surveys people across the Ninth District to gauge their recent economic activity and their outlook for the future. Our most recent general business conditions survey finds an overall net-positive outlook among businesses throughout the Ninth District for the next six months. However, labor availability, rising prices, and supply chain disruptions remain key concerns.

Which school districts are included All currently active public school districts that report enrollment and student achievement information to MDE are shown. These include traditional public districts, public charter districts, public special education cooperatives, and other types. Because they are tribally controlled, Bureau of Indian Education tribal schools are not shown.

How school districts are associated with legislative districts For school districts with state-reported geographic boundaries—such as traditional public school districts—a school district is associated with a legislative district if one or more schools belonging to the school district are physically located within that legislative district or if the school district physically overlaps with the legislative district. A school district without state-reported geographic boundaries—such as a public charter school district—is associated with a legislative district if the school district has one or...

In 2020, the Federal Reserve System launched an eighteen-month-long series, “Racism and the Economy,” to investigate the role structural racism plays in the U.S. economy and to advance steps that can improve economic outcomes for all. The fifth event turned the lens of that series on the economics profession itself. As one of the largest U.S. employers of Ph.D.-trained economists, the Federal Reserve relies on the profession for expert analysis in many capacities and thus “plays a unique role in shaping the field,” Esther George, president and CEO of the Federal Reserve Bank of Kansas City, observed in her opening remarks.

It is for this reason that confronting racism in economics is essential to the Federal Reserve. George continued, “Addressing today’s economic dynamics is a complex task. It will serve us well to invite new perspectives and new questions about old issues to challenge dominant paradigms, groupthink, and blind spots. And as a public institution,...

September 9, 2021 2:00 p.m. – 4:30 p.m. ET | 1:00 p.m. – 3:30 p.m. CT Virtual video event presented by all 12 District Banks of the Federal Reserve System

The labor market is tight, with many employers desperate for workers. But there are signs it’s starting to stabilize.

Job openings rose to a new record high in June, but hiring also increased. That could be a sign that supply pressures are beginning to ease. July also saw a big jump in hiring.

But the surging delta variant is raising concerns about whether the momentum can continue.

What’s next for the economy? Guest host Chris Farrell sat down with Neel Kashkari, who leads the Federal Reserve Bank in Minneapolis, to find out. They talked about the labor market, inflation, racial disparities in the economy and more.

Kashkari expressed measured optimism about the current state of the economy: “The fundamentals are sound. The outlook is very positive. But we are still in a deep hole.”

He cautioned that July’s 5.4 percent unemployment rate may be misleading because many people are not actively looking for work and are therefore not counted as...

The COVID-19 pandemic inflicted enormous human and economic costs on the Ninth District, nation, and world. The Federal Reserve Bank of Minneapolis is charged with closely monitoring economic conditions in our region so that local and national policymakers can make informed policy choices.

Given rapidly changing conditions, the Federal Reserve Bank of Minneapolis continues to monitor a variety of daily and weekly data sources to more accurately assess economic developments in real time, some of which are displayed below. Please check back for frequent updates and new indicators.

The number of people seeking unemployment benefits skyrocketed as the pandemic hit. A single day in mid-March in Minnesota recorded more than 32,000 applications. Thousands more people applied as the weeks went on. 

“In Minnesota we saw about 400,000 people receiving [unemployment insurance] in May 2020, which was more than three times the peak from the prior recession,” said Ryan Nunn with the Federal Reserve Bank of Minneapolis.

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