economy

The state's economic consultant is predicting slower economic growth through the rest of this year.

Minnesota's overall job growth rate vastly outperformed the nation as a whole.

While the jobless rate was the highest for the month of May since the pandemic, the rate was still less then a third of the rate from May 2020.

Minnesota's seasonally adjusted unemployment rate was slightly lower last month.

A year ago, the Rochester area experienced a job growth rate of more than 5%.

Mayo Clinic reported that expenses tied to salaries and benefits rose by just under 6% from last year to about $2.83 billion.

The higher than expected tax payments erased the shortfalls reported for February and March.

The next Mayo Clinic President and CEO is expected to be named in November.

The proposed apartment project would be built along Fourth Street Southeast within easy walking distance of downtown Rochester.

The job losses reported in the Rochester area were the smallest among Minnesota's largest cities.