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.
Related articles
- 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)
About 
What kind of jobs are being produced? Is the median household income increasing as jobs are being created? I’m liking the trend, but what does it actually mean in real buying power.
I don’t know, but would you like that Supersized?
Great question.. Positively Minnesota (MN Deed) has a break down of by industry, but I don’t recall seeing it based on income..