Minnesota’s unemployment rate is down to 5.7% for December 2011. Employment is a key component to the housing recovery. Lately we have been seeing improvement in the unemployment rate for Minnesota.
Let’s also keep in mind the actual jobs… To buy a home, a buyer will typically need a job unless they are paying cash…
For Employment, we (MN) are at early 2004 levels, ironically enough that is where we are at for inventory of homes for sale too. There is still a long way to go to get back to pre-recession levels, but there is a slow improvement.
- Minnesota Unemployment Rate down to 5.9% after losing 13,700jobs last month – the real numbers (craigkamman.com)
- Regional and State Employment and Unemployment (economistsoutlook.blogs.realtor.org)
- December Employment Report: 200,000 Jobs, 8.5% Unemployment Rate (calculatedriskblog.com)