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Minnesota employers added 10,300 jobs over the month in July and the unemployment rate dropped to 8.1 percent on a seasonally adjusted basis.

The number of Unemployment Insurance initial claims in July dropped slightly from June to 44,221 on a seasonally adjusted basis. There were 31,400 job vacancies during second quarter 2009, a 39.4 percent decrease from one year ago. With 7.7 unemployed people for every job vacancy, second quarter 2009 was the most difficult on record for job seekers.

Source: MN DEED

Seasoned employers know that in rough times their greatest assets are not their services or their products but their employees. Finding smart ways to reward them and help them feel valued is the key to ensuring your company weathers stormy waters.

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