Jeanne Boeh, professor of economics at Augsburg College, was one of several experts quoted in a recent Star Tribune article on the current state of Minnesota’s economy. She attributes Minnesota’s steady economy to its diversity, which makes it less dependent on agriculture than neighboring states.
“Because we’re a diversified economy, we will keep trudging along at a lukewarm pace and eventually the labor shortages will happen and employers will raise wage rates more in order to get good workers,” Boeh said. “I think we are OK.”
Read Main Street’s mood is resilient despite rocky markets on the Star Tribune site.
This month, Minnesota Public Radio and WCCO Radio sought input from Jeanne Boeh, professor of economics at Augsburg College, on the economic outlook for 2016. First she appeared on the “John Hines Show” to discuss the impact of a recent drop in the Chinese stock market on the U.S. economy.
Earlier this week, she joined Louis Johnston, a professor of economics at the College of Saint Benedict and Saint John’s University, on MPR’s “News with Kerri Miller and Tom Weber” for a conversation about U.S. and Minnesota economics in the new year. The professors discussed the apparent discrepancies between stock market losses coinciding with higher employment rates. Boeh points out that while the overall employment rates are rising, some groups, such as African-American Minnesotans, have seen employment rates drop.
Listen to the MPR interview here (.mp3.
Jeanne Boeh, economics professor at Augsburg College, was mentioned in an article in the Minneapolis Star Tribune about employee layoffs at Target headquarters in Minneapolis.
In light of the layoffs – a result of the closing of all Canadian Target stores – Boeh said there is hope for the close to 550 out-of-work employees.
“If you’re going to be laid off, now is a good time because jobs are picking back up,” she said.
To read the story, visit the Star Tribune news site.
On April 18, Augsburg College professor of economics Jeanne Boeh joined Star Tribune business columnist Lee Schafer and American Public Media correspondent Chris Farrell in a business panel discussion on Almanac, a Twin Cities Public Television (TPT) program. On the public affairs show, the panel discussed local and national economic issues ranging from the housing market and social security to employee compensation and inflation. Watch the segment on the TPT website.