Unemployment Rate Up 1%, Expert Says That’s ‘Good News’ [AUDIO]
March 8, 2011 10:02 AM 
ST. 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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