Local

Minnesota’s Jobless Rate Could Jump In A Shutdown

View Comments
(credit: CBS)

(credit: CBS)

ST. PAUL, Minn. (WCCO) – There’s a sobering prediction about Minnesota’s jobless rate if there’s a state government shutdown on July 1.

Hamline University professor David Schultz has analyzed the employment implications of a government shutdown.

He said if all 38,000 state employees who received notices are laid off, the state’s jobless rate would jump from 6.6 percent to 7.8 percent.

NewsRadio 830 WCCO’s Steve Murphy Reports

If you add in private businesses affected by a shutdown:

“I could see us easily going from a 6.6 to over 8 percent unemployment rate almost instantaneously,” said Schultz. “The state’s economy grinds to a halt.”

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 4,270 other followers