Skip to main content

Numbers show Minnesota's economic growth leaving Wisc. in the dust

  • Author:
  • Updated:
    Original:

With 3.5 percent growth in its GDP last year, Minnesota ranks as one of the half-dozen fastest growing economies among the states.

The state Department of Employment and Economic Development touted that figure Monday, noting that it reflects growth in manufacturing, construction, mining, and agriculture among other data.

The study by the Commerce Department's Bureau of Economic Analysis was actually released earlier in the month.

What's worth a closer look, though, is that while Minnesota tied for 5th in GDP growth, neighboring Wisconsin placed 32nd.

MPR blogger Paul Tosto takes a look at several comparisons between states that not too long ago were running pretty even by most economic measures. Now the Gopher state seems to be eating Wisconsin's cheese.

The numbers suggest that Minnesota weathered the recession better than its neighbor and is recovering faster. As for the future, MPR cites a Federal Reserve forecast that sees solid growth in Minnesota for the next six months, while Wisconsin is among five states where a decline is expected. (Incidentally, high flying North Dakota is also among those five states.)

The reasons for Wisconsin's sluggishness are not crystal clear. But the Milwaukee Journal Sentinel says some economists cite the state's reliance on manufacturing industries, which have suffered from overseas competition.

Next Up

19050650853_a4a6377429_k

Ed Sheeran to bring North America stadium tour to Minneapolis

It's the second show announced for the Vikings stadium in 2023.

Kim Crockett

GOP candidate Kim Crockett won't commit to accepting election result

Crockett has been a proponent of conspiracy theories regarding the 2020 presidential election.

Screen Shot 2022-10-01 at 9.41.39 AM

Charges: Man carjacked father, daughter as they loaded groceries outside Cub

The father grappled with the suspect after he had pointed a gun at his daughter.

Screen Shot 2022-10-02 at 8.25.27 PM

Pilot, brother and sister killed when plane crashed into house are ID'd

The plane crashed into a house in Hermantown, Minnesota.

Screen Shot 2022-10-02 at 7.18.52 PM

Rolled semi, livestock on freeway interchange in Woodbury

Traffic cameras showed what appeared to be hogs on the side of the road.

Eric Reinbold

Reinbold guilty of murdering wife with 'particular cruelty'

Eric Reinbold, 46, was convicted of two counts of murder in the second degree in Pennington County Friday.

police tape

Armed assault suspect arrested after standoff in Waite Park

The standoff ended early Saturday when officer obtained a warrant for the home.

Screen Shot 2022-10-02 at 9.06.25 AM

3 dead after plane crashes into house in Hermantown

Two people in the house were uninjured.

FeDh7pUWAAg3NMd

Destructive fire at Maple Grove greenhouse and nursery

The fire burned early Sunday morning at a longtime Maple Grove greenhouse and nursery.

st. cloud state university hockey

SCSU player hospitalized after being taken off ice on stretcher

Luedtke was checked into the boards in the first period and down for a reported 10-15 minutes.

Amber alert wisconsin

Amber Alert for Kryssy King canceled, suspect still at large

Police beleived 15-year-old Kryssy King was with a 22-year-old man who remains wanted.

Screen Shot 2022-10-01 at 10.18.12 AM

3 St. Paul fast food restaurants robbed in space of an hour

The thieves struck between 7:15 p.m. and 8 p.m.

Related

Minnesota ranks No. 23 with economic growth of 1.2%

The U.S. Department of Commerce says Minnesota's economy grew 1.2 percent last year to $244.9 billion. The Star Tribune reports the biggest areas driving the growth of Minnesota's economy were durable-goods manufacturing and finance and insurance. North Dakota was No. 1 with GDP growing 7.6 percent.

Report sees modest growth in Minnesota economy; construction jobs rebounding

A new report by BMO Capital Markets paints a picture of Minnesota's economy as slowly but surely recovering. The unemployment rate of less than six percent is helped by fresh hiring in the construction industry and an easing of job cuts among government employees. Housing is still considered a weak spot, but at least prices are recovering and there are signs that more building is on the horizon.

Wisc. rolls out medical marijuana bill...again

Wisconsin State Rep. Mark Pocan will introduce the medical marijuana bill Wednesday. The proposed legislation is an exact replica of a bill first introduced to Wisconsin lawmakers in 2009.