Minnesota banks are almost past the crisis from the financial meltdown, according to the Federal Reserve Bank of Minneapolis.
Minnesota's unemployment rate fell slightly to 5.6 percent in April, but the improvement did not come about as a result of a healthier labor market. Instead, many unemployed workers gave up on their job hunt and were no longer counted as unemployed.
The interim CEO at Best Buy is trying to reassure employees that the company will emerge from a recent scandal "stronger and better."
In 1966, Best Buy was a stereo specialty retailer called Sound of Music, founded by Richard Schulze in St. Paul. Today, Schulze is another casualty of the recent scandal that swept Best Buy's chief executive Brian Dunn out of the company.
There's been a steady stream of reports predicting a dearth of nurses in the coming years. One recent forecast projects a national shortage of up to 1 million nurses in 2020.
But students graduating from nursing programs in Minnesota this year are finding it harder than they thought to find a job.
The head of the Federal Reserve Bank of Minneapolis says the U.S. labor market could be stuck in neutral for a protracted period of time.
Twin Cities home prices saw a big jump last month: The median price climbed to $163,000 in April, a gain of 12 percent from the same month last year.
Minnesota manufacturers are projecting a pickup in business and employment over the coming months, and U.S. manufacturing grew last month at the fastest pace in nearly a year.
The number of online help-wanted ads for Minnesota jobs jumped in April, according to data from the New York-based research firm The Conference Board.
Officials say a brief evacuation of the Minneapolis-St. Paul International Airport today was spurred by a bag containing materials supposedly used for water filtration.
Federal and state officials are commemorating the opening of a high tech physics lab in northern Minnesota today.
The U.S. House of Representatives passed a bill Friday to hold down interest rates on some student loans. But the measure faces a veto threat from President Obama, who doesn't like the funding source. Republican Rep. John Kline spoke to The Daily Circuit shortly after the vote.
(The Daily Circuit,
Secretary of State Mark Ritchie says about 90 percent of the 18,000 new businesses were created by individuals who are self-employed.
U.S. Bank will continue to service its existing loans, but it stopped taking new applications for student loans on March 29, 2012.
Twin Cities home prices climbed into positive territory in February compared to the same month a year ago, rising .4 percent, according to Standard & Poor's/Case-Shiller National Home Price Index.