Minnesota's Jobless Rate Could Jump In A Shutdown
ST. PAUL, Minn. (WCCO) -- There's a sobering prediction about Minnesota's jobless rate if there's a state government shutdown on July 1.
Hamline University professor David Schultz has analyzed the employment implications of a government shutdown.
He said if all 38,000 state employees who received notices are laid off, the state's jobless rate would jump from 6.6 percent to 7.8 percent.
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If you add in private businesses affected by a shutdown:
"I could see us easily going from a 6.6 to over 8 percent unemployment rate almost instantaneously," said Schultz. "The state's economy grinds to a halt."
