As goes the economy, so goes the State Fair

12:03 PM, Aug 19, 2011   |    comments
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FALCON HEIGHTS, Minn. -- One week before the start of the Minnesota State Fair, fair employers say they're seeing the effects of a tough economy.  People are clamoring for a limited number of state fair jobs.

"High, high interest. We've seen that pattern in the last few years with the economy being such as it is and the job market being the way it is as well," said Brienna Schuette, the Minnesota State Fair spokeswoman.

Schuette said the fair hires up to 2,700 people for the 12-day event; thousands more have actually applied.

"Lots of retirees, some folks who have been laid off from jobs," she said.

And this trend is but a small example of a global economy still reeling from several different factors.  On Thursday, the Dow Jones Industrial Average closed down 420 points, or 3.7%, at 10991.

"There's a lot of bad news hitting the market at the same time.  I think a lot of people are having a hard time processing it," said Dr. David Vang, a professor of finance at the University of St. Thomas.

Vang said Thursday's dip was due to several factors, including: nervous European banks dealing with their own region's debt crisis; new numbers suggesting more people are seeking unemployment benefits; and poor manufacturing results for the mid-Atlantic region.

But Vang urges people to sit tight and wait out this rough economic time.

"The best thing is to let it ride.  If you try to unload stocks to go into something else right now, there's a good chance you might be putting your money into something that has no return right before the market goes up again," Vang said.

For more information about applying for a job at the Minnesota State Fair, just go to:

Employers urge applicants to thoroughly fill out their application and explain -- in detail -- what skills and experience they'd bring to a state fair position.

(Copyright 2011 by KARE. All Rights Reserved.)

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