COVID-19 pandemic recession ended in April 2020, shortest on record
The recession that broke out with the onset of the coronavirus pandemic lasted just two months, officially ended in April 2020. That makes it the shortest downturn on record, according to the committee of economists that determines when recessions begin and end.
Minnesota's unemployment rate remains steady
Minnesota's unemployment numbers remained steady in June, according to the latest jobs report released by the state Department of Employment and Economic Development Thursday.
American unemployment claims fall to 360,000, another pandemic low
The United States set another pandemic low in this week's jobs report, showing only 360,000 first-time filers for unemployment.
Consumer prices saw largest inflation spike in June since 2008
Consumer prices in June rose 0.9% from May and 5.4% over the past year — the sharpest 12-month inflation spike since June 2008.
Patio furniture in high demand, low supply as summer heats up
If you are looking to add some new furniture to your patio this summer, you're likely running into trouble getting pieces.
June jobs report: US adds 850,000 jobs as economy extends its gains
U.S. employers added 850,000 jobs in June 2021, well above the average of the previous three months, the Labor Department said.
Home prices surge by most on record
Home prices rose 14.6% year over year nationally in April, according to the national Case-Shiller index, making for the highest reading in more than 30 years of recordkeeping.
Average gas price rises to $3.15 a gallon; San Francisco has highest price in nation
Nationwide, the highest average price for regular-grade gas is in the San Francisco Bay Area at $4.33 per gallon. The lowest average is in Baton Rouge, Louisiana, at $2.63 per gallon.
Minnesota adds 14,800 jobs in May after end of COVID-19 restrictions
The unemployment rate in Minnesota was down to 4 percent in May after the state added thousands of leisure and hospitality jobs following the dropping of COVID-19 restrictions statewide.
2020 teen summer employment was lowest since Great Recession
The number of teens who were able to get jobs during the summer of 2020 saw its lowest level since the Great Recession in 2008.
US weekly unemployment claims fall to 376,000, sixth straight drop
The number of Americans claiming unemployment benefits fell for the sixth straight week as the U.S. economy reopens rapidly from pandemic woes.
Chipotle raising prices to offset its $15 minimum wage hike
Chipotle announced it would be raising menu prices by as much as 4% to offset the cost of the employee pay raises announced last month.
US economy shows growth despite lacking enough workers, supplies
Barely more than a year after the coronavirus caused the steepest economic fall and job losses on record, the speed of the rebound has been so unexpectedly swift that many companies can’t fill jobs or acquire enough supplies to meet a pent-up burst of customer demand.
Could we see a fourth stimulus check? Where payments stand
So far, over 2 million people have signed an online Change.org petition calling for recurring $2,000 per month payments.
US unemployment claims fall to 406,000, a new pandemic low
The number of Americans filing for unemployment benefits dropped last week to 406,000, a new pandemic low and evidence that the job market is strengthening.
Sales of new US homes fell 5.9% in April in wake of soaring house prices in March
Sales of new homes fell a bigger-than-expected 5.9% in April, a drop that analysts blamed in part on soaring home prices.
US achieves another pandemic low with 444,000 new unemployment claims
The number of Americans seeking unemployment aid fell last week to 444,000, a new pandemic low and a sign that the job market keeps strengthening as consumers spend freely again, viral infections drop and business restrictions ease.
Pandemic has companies rethinking the need for sprawling office space
The pandemic, however, has many companies re-thinking the need for sprawling office spaces and the costs of commercial leases.
Unemployment claims fall to 473,000, another pandemic low
The number of Americans seeking unemployment benefits fell last week to 473,000, a new pandemic low and the latest evidence that fewer employers are cutting jobs as consumers ramp up spending and more businesses reopen.
Biden says Americans must accept a job or lose unemployment benefits after disappointing jobs report
Biden said his administration is taking steps that will make it easier for employers to hire more workers.