Recent content from Kavita Kumar
Crowd gathers in Loring Park in Minneapolis to celebrate progress but also sees plenty still to address.
For workers, the low unemployment rate should provide leverage. For the broader economy, new costs set in.
The central bank needs to be "prudent" after one more big hike next month, he said.
The state last month added the fewest jobs since January.
Food prices rose more quickly in the metro region, but gas prices have soared more across the country.
Though the data is for the end of 2021, it reinforces the picture of a very tight labor market in the state.
The state's export rate grew more slowly than the nation's in the first quarter.
Insurance claims are largely payed out, while money from the state is just starting to flow to businesses.
The picture isn't entirely sunny: The state has still recovered just 79% of the jobs lost at the start of the pandemic.
Retail stocks plunged as investors looked beyond recent data that shows consumers are defying inflation.