For many people, losing a job is as devastating emotionally as it is financially. Imagine it repeatedly. And then imagine it happening to your spouse, as well. For Al and Michelle Ford, the Great Recession started well before it became a nationwide crisis.
The median Twin Cities home sales price continued to tumble last month to $155,000, down about 9 percent from the same month last year.
The head of the Federal Reserve Bank of Minneapolis says the Federal Reserve should provide the public with a contingency plan for changing economic conditions.
According to the Minneapolis-based group HousingLink, foreclosures fell by 32 percent in the three months ending in September, compared to the same period last year.
Striking an irreverent tone, the chief executive of US Bank said business owners need to snap out of their economic doldrums.
A senior economist at Wells Fargo told the state's largest business group that government belt-tightening is aggravating the nation's economic problems.
Demand for workers picked up in Minnesota last month. That's according to the Conference Board, a New York-based research firm.
Gov. Mark Dayton wants to provide funding and encourage lending to businesses by pumping community banks with much as $200 million in certificates of deposit.
A statewide trade group for bankers had a lukewarm reaction to Gov. Mark Dayton's announcement Wednesday of a plan to help spur small business lending.
About 800 leaders from government agencies, private companies, non-profits, and labor groups met Tuesday to brainstorm about how to rev up Minnesota's job creation engine.
The president of the Federal Reserve Bank of Minneapolis expects to see high unemployment persist for several years.
Minnesota's jobless rate dropped three tenths of a percent from August to September, even as employers cut a net 7,400 jobs.
Budget pinches at all levels of government could spell job losses in the public sector.
Two banks with major operations in Minnesota ranked among the top national lenders of Small Business Administration loans for the fiscal year ending last month.
Minnesota has outpaced the nation in job growth during the recovery and remains among the most prosperous states, but its strength is waning and has dropped out of the top 10 states in two surveys of highest median income.