The rating on Minnesota's GO debt reflects the state's: Deep and steadily growing economy, which is diversified among services, trade, and manufacturing; Strong financial management systems with significant financial reserves; and Moderate debt burden with manageable future capital needs. Despite some concentration in the manufacturing sector, Minnesota's economic diversity enables it to perform well, compared to the nation, during economic cycles. Employment and income data indicate steady job creation since late 1994, with the Twin Cities area leading the charge. Services, particularly business and health care, and construction sectors have performed particularly well. Unemployment remains low at 3.1% in November 2000. The ongoing strength in Minnesota's economy translates into an improved November 2000 revenue forecast for the current biennium, continuing
