Economic Downturn
Economic Downturn
  • Minnesota jobs hinge on fate of auto industry
    The Bush administration said Friday that it will help prevent the collapse of the nation's auto industry. The collapse of the nation's auto industry could mean a lot of job losses -- including here in Minnesota.December 12, 2008
  • Auto bailout stalled, GOP seeks UAW concessions
    A $14 billion auto industry bailout bill stalled in the Senate on Thursday, and Republicans demanded upfront concessions from the United Auto Workers as the price for support needed for passage.December 11, 2008
  • Governors press Congress for fiscal relief for states
    A trio of governors came to Capitol Hill on Thursday to plead with lawmakers for relief from crushing state fiscal woes caused by a huge slump in revenues as the recession deepens.December 11, 2008
  • Twin Cities home prices fall 19 percent
    November's median sales price of $175,000 is lower than it's been in almost six years. Total sales were down slightly as well.December 10, 2008
  • Hutchinson Technology cuts 1,100 jobs
    Hutchinson Technology is cutting as many as 1,100 jobs. Hutchinson, a Minnesota maker of computer hard drive components, says the remaining employees will take a 5 percent pay cut.December 9, 2008
  • Duluth's aviation industry comes down to earth
    Duluth's aircraft industry is starting to hurt. Duluth-based Cirrus Design makes the nation's top selling small airplane, the SR-22. But airplane sales aren't recession-proof, and reduced demand is affecting other spinoff industries in the region.December 8, 2008
  • Two metro hospitals cut hundreds of workers
    The troubled economy is taking a toll on two Twin Cities hospital. Both North Memorial Health Care in Robbinsdale and Park Nicollet Health Services will layoff a combined total of 613 workers.December 8, 2008
  • 3M layoffs include 400 jobs in Twin Cities
    Maplewood-based 3M says layoffs announced recently will include about 400 Twin Cities jobs as the weakening global economy cuts into profits.December 8, 2008
  • 3M cutting 1,800 jobs in 4th quarter
    3M Co. says it's cutting 1,800 jobs in the fourth quarter, and ordering some workers to take vacation or unpaid time off for the last two months of the year.December 5, 2008
  • Retail sales drop in dreary November
    xxDecember 4, 2008
  • The recession and your money
    Now that it's official, and expected to continue for at least six months, the recession will continue to take a toll in lost investment income and jobs. There are a number of things you can do to protect your finances against a possible layoff or other losses.Midmorning, December 4, 2008
  • UAW to renegotiate labor terms with Big Three automakers
    A United Auto Workers official says the union has agreed to restart contract talks with the Detroit Three automakers and delay their payments into a union-run health care trust.December 3, 2008
  • U.S. Steel laying off 400 at Keewatin plant
    Hundreds of workers at the taconite plant in Keewatin are wondering how long the layoff will last this time. U.S. Steel has announced it will idle the Keewatin plant, laying off close to 400 workers.December 3, 2008
  • Minnesota cities bracing for more bad economic news
    Some Minnesota cities are instituting hiring freezes and cutting back on expenses. The cities are reacting to the recession and an expected multi-billion dollar state budget deficit.December 2, 2008
  • The down economy hits day care providers
    Day care providers worry as the economic downturn hits parents' pocketbooks.December 2, 2008

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