|Sunday, July 6, 2014|
Jobless Rates in Brainerd Drop to Seven Year Low
Great news for Brainerd! The jobless rate in Brainerd dropped to its lowest level in seven years in May decreasing to 8.1 percent. In November 2007 the month prior to our recent recession we saw unemployment numbers this at 8.3 percent.However, in October 2007 a few months prior to the recession the unemployment rate in Brainerd was at 7.2 percent.
In 2006 when many residents of Brainerd felt that jobs were steady and did not forsee a recession the average jobless rate was at 6 percent. When the recession hit booming construction halted, which caused jobless rates to soar. In fact, in the past seven years the number of times we saw unemployment rates in Brained drop below 10 percent has been less than 10 times.
May jobless rate for Crow Wing County was 5.1 percent and 6.4 percent for Cass County.
When jobless rates drop the housing market picks up. Now is the perfect time to buy or sell a home in Crow Wing County. If you are looking to buy or sell a home, contact me, Bill Grunewald. My team and I enjoy helping folks like you find just the right spot to live your northern Minnesota Lake Country dream.
Bill Grunewald/ Edina Realty.
Licensed in Minnesota/ Lic # 20204156