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Inside Business: Minnesota economic indicators mixed

MOORHEAD — A report recently released by Minnesota Secretary of State Steve Simon shows a mixed bag of economic indicators for the Fargo-Moorhead area for the second quarter of the year.

Compared to the first three months of 2015, the area marked strong gains in overall employment and average hourly earnings, and it had a lower unemployment rate, according to the report.

Negative factors included fewer residential building permits, a reduced workforce, weaker average hours worked and a higher cost of living.

"When I'm on the road traveling throughout Minnesota, small business owners tell me they just want to be able to set up and run their businesses with minimal hassle and with maximum information," Simon said. "These reports provide Minnesota's entrepreneurs and business owners with the insight and relevant economic data, trends and forecasts for their areas."

The report was developed by the St. Cloud State University School of Public Affairs Research Institute in partnership with the secretary of state's office.

Dave Olson
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