Minnesota's Job Creation Index second strongest in the nation since 2009
If workers can be believed, Minnesota has been one of the county's most welcoming states for job creation since 2009.
While discussing income tax cuts approved in 1999 and 2000 during last night's State of the State speech, Gov. Dayton said: "In the decade after Minnesota's income tax reductions, our economy fared worse than the nation and most other states."
But a new study from Gallup suggests that as least as far as the job market goes, that claim is "horse hooey."
From 2009 through last year, Minnesota's Job Creation Index has grown at the second-highest clip in the country (Michigan is tops). And from 2011 through last year, Minnesota's 24-point Job Index Gain was tied for fifth best.
Gallup's Job Creation Index methodology is simple -- they call employed adults and ask whether their companies are "hiring workers and expanding the size of its workforce," or "letting workers go and reducing the size of its workforce." From 2009 through last year, the split between Minnesota workers who said their companies were growing and those who said their companies were shrinking was 29 percentage points (with more workers reporting their companies were growing), so the state's Job Creation Index was 29. From 2011 through 2012, Minnesota's Job Creation Index was 24.
Here's a lot at the top and bottom states during the 2011-2012 timeframe:
In a summary of the findings, Gallup writes: "[G]enerally, Eastern states lagged behind others in job creation in 2012, while the Midwest clearly enjoys the strongest hiring situation of the four regions."
And as far as the national situation, Gallup writes: "The national Job Creation Index score of 18 is now back where it was in 2008, prior to the worsening of the U.S. job market after the financial crisis late that year. In 2009, the national Job Creation Index fell to a low of -1, indicating that more employees reported their employers were reducing workforce size than increasing it."
Let's hope this rosy picture of the Midwest's job market isn't just a reflection of workers deluding themselves.
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