Minneapolis Fed forecasts moderate growth in state in 2014
MINNEAPOLIS — The 2014 economic outlook from the Federal Reserve Bank of Minneapolis calls for moderate growth in the Minnesota economy. Based on the Minneapolis Fed’s statistical model, employment in Minnesota is expected to grow by 1.2 percent, while the unemployment rate is predicted to drop from 4.6 percent in November 2013 to 4.3 percent in the fourth quarter of 2014.
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