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Economy

• Park Nicollet cuts 240 jobs, closes clinic
  Park Nicollet is closing one of its 25 clinics and laying off hundreds of employees. The health care provider cites the lasting effects of the recession on business at its clinics and hospitals.May 13, 2009
• St. Paul non-profit aims for affordable, efficient homes
  Making a building energy efficient has a reputation for being pricey and out of reach for most homeowners. One St. Paul non-profit wants to prove it doesn't take a lot of greenbacks to go green.May 11, 2009
• Layoffs slow to 539K in April; jobless rate rises
  The pace of layoffs slowed in April when employers cut 539,000 jobs, the fewest in six months. But the unemployment rate climbed to 8.9 percent, the highest since late 1983, as many businesses remain wary of hiring given all the economic uncertainties.May 8, 2009
• Obama announces plan to close tax loopholes
  President Barack Obama is proposing to close tax loopholes and clamp down on overseas shelters.May 4, 2009
• Chrysler files for Chapter 11 bankruptcy
  Chrysler filed for bankruptcy protection Thursday and will form an alliance with the Italian carmaker Fiat Group SpA in an effort to revive the nation's ailing third-largest automaker.April 30, 2009
• Economy shrinks at 6.1 percent pace in 1Q
  The economy shrank at a worse-than-expected 6.1 percent pace at the start of this year as sharp cutbacks by businesses and the biggest drop in U.S. exports in 40 years overwhelmed a rebound in consumer spending.April 29, 2009
• Consumer confidence soars in April
  Hopeful signs that the worst may be over for the economy boosted Americans' moods in April, sending a closely watched barometer of sentiment to the highest level since November.April 28, 2009
• More layoffs expected at Minntac
  Union officials say another 250 workers at U.S. Steel's Minntac plant in Mountain Iron are expected to lose their jobs, possibly as early as this week.April 28, 2009
• Education is key to preventing another foreclosure crisis
  The demand for first-time homebuyer classes is up sharply as people move to buy up the cheap foreclosures saturating the market.April 26, 2009
• Consumer confidence murky amid up-and-down economy
  Experts are looking for positive economic signs, especially from consumers. Consumer spending makes up a whopping 70 percent of the economy, but right now you might have trouble figuring out what's going on with them.April 21, 2009
• Obama voices cautious optimism on the economy
  After weeks of dire talk, President Obama said on Tuesday that there are "glimmers of hope" in the economy. But some economic indicators tell a different story.Midmorning, April 16, 2009
• New jobless claims fall unexpectedly to 610K
  New jobless claims fell more than expected for the second straight week, but the number of Americans continuing to receive unemployment insurance benefits rose above 6 million for the first time.April 16, 2009
• Minn. general fund revenues $46M below forecast
  The latest economic update provided by Minnesota Management and Budget says general fund revenues collected by the state have fallen below forecast in the last two months.April 10, 2009
• Trade deficit falls for seventh straight month
  The government says the U.S. trade deficit plunged unexpectedly in February to the lowest level in more than nine years as the steep recession pushed imports down for a seventh straight month while U.S. exports managed a small rebound.April 9, 2009
• New-home construction logs unexpected gain
  The number of new housing projects that builders broke ground on in February rose sharply, defying economists' forecasts for yet another drop in activity.April 8, 2009

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