Over the past five months, Minneapolis-St. Paul has exhibited a steady loss of economic altitude. Since June 2007, employment growth has slowed from +1.6% year over year to a glacial rate of +0.1%. Looking forward, it is highly unlikely that the Twin Cities will be able to sidestep a serious country-wide downturn. However, the most recent economic surveys and statistics indicate that the local economy will continue to exhibit positive, albeit slower, economic growth in 2008 compared to 2007.