Remember a month ago, when everybody was celebrating the Twin Cities' new ranking as the metro area with the lowest unemployment rate? The state pointed to it as more evidence that the area was coming back strong from the recession. Big networks like CNBC even got in on the act.
Well, only a few weeks later, it looks like we've already lost the title, along with a few jobs. According to BLS data, the area's unemployment rate rose to 4.5 percent in June, and the region is down number two in the nation, with Austin nudging us out by only .1 percent. But don't panic about the new designation: these rankings always tend to shift around, and month-to month numbers don't tell the whole story.More »