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Unemployment Rate Up 1%, Expert Says That’s ‘Good News’ [AUDIO]

UnemploymentST. CLOUD — The unemployment rate for the St. Cloud metro area went up a full one-percent from December to January.

The Minnesota Department of Employment and Economic Development says we’re at 7.8% unemployment now.  However, St. Cloud State University Economics Professor Rich MacDonald says that’s good news.  He says it’s our lowest January unemployment rate in several years.

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Our unemployment rate last January was 8.5%, and in January of 2009 it was 9.2%.

MacDonald says he’s expecting us to see unemployment figures back down into the five’s from May to October of this year.

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