Drs. King Banaian and Mana Komai Molle discussed the strong employment situation in the St. Cloud MSA, led by the construction sector. The St. Cloud Area Quarterly Business Survey showed weaker business activity in the last three months, and business leaders expect less growth in the next six months. There was a sharp difference of opinion among them about whether we were in a recession or soon entering on. In response to higher input prices, a majority believe those can be passed onto consumers, but a significant number reported smaller profit margins.
Banaian, King and Komai, Mana, "St. Cloud Area Quarterly Business Report, Vol. 24, No. 3" (2022). St. Cloud Area Quarterly Business Report. 96.