economy

The state has taken in $4.5 billion in the first 2 months of the new fiscal year.

The recent stagnant job market in the Rochester area follows a period of many months of strong growth that far outpaced the rest of the state.

Individual income tax collections for the month totaled approximately $1.3 billion.

After huge gains in the past couple of years, Rochester's annualized job growth rate in July was only 0.3%.

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.

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%.

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

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