St. Cloud Area Quarterly Business Report, Vol. 22, No. 3 - Podcast

Title

St. Cloud Area Quarterly Business Report, Vol. 22, No. 3 - Podcast

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Description

At a virtual presentation on September 17, 2020, the results of the August 2020 St. Cloud Area Quarterly Business Report were presented. Key takeaways included the smaller drop in employment in St. Cloud since the outset of the COVID-19 pandemic than other parts of Minnesota. St. Cloud is currently in a recession and both business leaders and authors’ statistical analysis expect the recession to end in the first half of 2021, with 42% of surveyed business leaders in the St. Cloud area believing business activity would rise in the next six months while 30% thought it would fall. More business leaders expect increased difficulty hiring qualified workers than expect easier hiring conditions, and one in three thought they would be offering higher wages over the next six months.

Publication Date

9-17-2020

Publisher

St. Cloud State University

City

St. Cloud

Keywords

Economics, Business

Disciplines

Business | Economics

St. Cloud Area Quarterly Business Report, Vol. 22, No. 3 - Podcast

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