Late last week Minnesota’s job numbers for August came out – and they were pretty bad:
- August’s unemployment rate in Minnesota rose to 6.2% – slightly above the national average of 6.1%.
- There are nearly three times as many unemployed workers in Minnesota as there are job vacancies. This is the worst it has been for job seekers during the history of the job vacancy series – which dates back to fourth quarter 2000.
On top of these unsettling statistics comes a new report from Families USA which tells us that the annual cost of health insurance premiums provided through the workplace in Minnesota rose a whopping 74% from 2000 to 2007 – from $6,957 to $12,090 a year for family coverage. You can safely bet that the growth in the cost of health care coverage outpaced household income growth.