Minnesota's Unemployment Rate Dropped To 7.7% In July, But Job Growth SlowsWhile Minnesota’s unemployment rate dropped to 7.7% last month, down from 8.6% in June, there’s still a long road ahead to economic recovery as many remain jobless amid the COVID-19 pandemic.
Business Leaders Say Economy Still Improving After ReopeningThe economy continues to recover in nine Midwest and Plains states, but businesses are still cutting jobs amid the ongoing impact of the coronavirus outbreak, according to a monthly survey of business leaders released Monday.
Minnesota Faces Potential $4.7B Deficit Due To COVID-19 PandemicMinnesota faces a potential $4.7 billion deficit in its next two-year budget due to continued economic fallout from the coronavirus pandemic, according to a new planning estimate announced Friday by the Minnesota Management and Budget office.
COVID-19's Impact On The Twin Cities Economy Is Causing Ripple EffectsLarge venues all across the Twin Cities are still sitting empty. From canceled concerts and conventions, WCCO found the cost to the local economy has been staggering.
Gov. Walz Convenes Special Session, To Focus On Police Reform & Minnesota's Economic RecoveryGov. Walz on Wednesday announced that he will convene a special legislative session starting Friday, with police reform and building a stronger economy on the top of his priorities.
What Companies Benefit From Coronavirus?Amazon and Netflix continue to do well as coronavirus isolates people in their homes, but many other companies have benefited or may soon.
Coronavirus In Minnesota: Neel Kashkari Speaks On Economic UncertaintyMinneapolis Federal Reserve Bank president Neel Kashkari says uncertainty is still driving economic fears.
Survey Suggests Economy Slowing Down In 9 Midwest StatesA new monthly survey of business leaders suggests the economy is slowing down in nine Midwest and Plains states as the U.S. trade war with China continues.
Layoffs Forcing Thousands Of Minnesotans Back Into Job MarketWith the news of the state's booming economy, sometimes lost in the headlines are the layoffs affecting thousands of Minnesotans.
Nursing Home Closures Putting Pressure On Rural Economies Dozens of nursing homes have closed in rural Minnesota in the past two decades, putting pressure on the small communities that rely on them for care, income and revenue.
Minneapolis Ranked As The 10th Least Affordable City For Those Making Six FiguresMinneapolis lands in top 10 cities to have families making six figures still struggling to make ends meet, MagnifyMoney reports.
The Twin Cities Metro Area Saw A 'Serious' Boost In Visitors In 2018Travel officials say the Twin Cities metro area welcomed 34.5 million visitors in 2018, an increase of nearly 4% over 2017.
CBS News Poll: Americans Feel Good About Economy & Give Trump CreditSeven in 10 Americans say the economy is in good shape, including a quarter who say it is very good.
3M Plans To Cut 2,000 Jobs Amid Slower-Than-Expected 2019The maker of Post-it notes, industrial coatings and ceramics said Thursday that the move is expected to save about $225 million to $250 million a year. The St. Paul Minnesota-based company anticipates a pretax charge of about $150 million, or 20 cents per share, this year.
GM To Halt Production At 5 Plants, Cutting Up To 14K JobsGeneral Motors will lay off up to 14,000 factory and white-collar workers in North America and consider closing up to five major plants as the auto giant restructures to cut costs and focus more on electric vehicles and autonomous cars.