St. Cloud Area Quarterly Business Report, Vol. 23, No. 4 - Podcast
St. Cloud State University School of Public Affairs Dean King Banaian and Professor Richard MacDonald provided a virtual review of the December 2021 Quarterly Business Report. While private sector employment in the St. Cloud MSA rose 2.2% in the 12 months to October 2021, the area’s labor force fell by 1.9%. This has led to very tight labor markets according to respondents to the St. Cloud Area Quarterly Business Survey with expectations of higher wages in the next 6 months. Two-thirds of survey respondents expect to be able to raise prices in the next six months, an all-time high. We review information about local and national trends in telework. Almost half of area firms surveyed have one or more workers regularly scheduled to work from home, and 22% said these arrangements will last for a year or longer.
Quarterly Business Report, QBR, Economics, Local Economy
Agricultural and Resource Economics | Economics
Banaian, King and MACDONALD, RICHARD A., "St. Cloud Area Quarterly Business Report, Vol. 23, No. 4 - Podcast" (2021). St. Cloud Area Quarterly Business Reports Video. 9.