Minnesota's biggest companies healing after the Great Recession
Saturday, April 23, 2011
Minnesota's biggest companies are heading down the path toward recovery after the Great Recession.
"These are pretty overall strong results for Minnesota companies," said David Vang, chair of the Finance Department at the University of St. Thomas Opus School of Business.
Vang attributes the rebound in manufacturing employment to a weak dollar, which has made U.S. goods more price competitive globally, and to the rapid and deep job cuts most manufacturers made in late 2008 and early 2009 as the recession took hold.
"I think they had gotten to the point where they could not cut anymore," Vang said.
Originally published: 04/23/2011, Star Tribune