About 100 people are losing their jobs, including his wife. But with the Twin Cities' labor market still tight, Walk displays nothing but calm. I've talked to other guys that are actively looking right now. They don't have the severance package that I have. State economist Tom Stinson says the poll results are good news.
Consumer spending accounts for two-thirds of the nation's economic activity.
At a time when the economy stumbles, Stinson says consumer faith or fear can be the key to the future. The consumer's always right. In economics, once they believe the sky is falling, they're likely to cut back their spending and, indeed, the sky does begin to fall on the economy. Despite the spike in unemployment insurance claims, Minnesota's unemployment rate remains very low. The national economic data are also equivocal.