Economic Downturn
Economic Downturn
  • St. Paul Pioneer Press lays off 11 employees
    The St. Paul Pioneer Press has laid off 11 employees, including nine in the newsroom.June 30, 2009
  • Index shows Twin Cities housing prices continue to decline
    A closely-followed index shows Twin Cities home prices fell seven-tenths of 1 percent between March and April.June 30, 2009
  • 3M says it cut 1,000 jobs worldwide
    Maplewood-based 3M announced on Monday it eliminated 1,000 jobs from its worldwide workforce in the second quarter of the year.June 30, 2009
  • Tough job market for young people
    Recent college graduates are facing the toughest job environment in decades. A career counselor and the head of a job board for college graduates talk about how to navigate the job market and find meaningful work in a slow economy.Midmorning, June 26, 2009
  • Your career needs a Plan B, and C, and D...
    Whether it's your fantasy career or a job possibility in the wings, you should have an idea where your next job will be, according to career advisors. But knowing you should have a "Plan B," and actually knowing what that plan is, are two different things.Midmorning, June 26, 2009
  • Nonprofits feel pain of the recession
    A report released today says Minnesota nonprofits are continuing to shrink their budgets and staff in response to the current recession.June 16, 2009
  • Low bids for construction projects both help and hurt
    Bids are coming in low for public works projects - good news for taxpayers, but tough business for contractors.June 15, 2009
  • Metro home market shows improvement
    Twin Cities housing statistics are showing some signs of improvement, according to area realtor associations. But experts say the numbers do not necessarily suggest the region's housing market is getting healthier.June 10, 2009
  • 300+ workers return to Iron Range mine
    More than 300 workers returned to work at the Minntac mine on the Iron Range earlier this week after a scheduled three-week shutdown.June 5, 2009
  • Jobless rate hits 9.4 percent in May; layoffs slow
    With companies in no mood to hire, the unemployment rate jumped to 9.4 percent in May, the highest in more than 25 years. But the pace of layoffs eased, with employers cutting 345,000 jobs, the fewest since September.June 5, 2009
  • All in the family
    The recession has forced some unplanned reunions between parents and adult children -- who need to live together again for economic reasons. Personal finance consultant Ruth Hayden offers some advice on how to make those arrangements work.Midmorning, June 4, 2009
  • Little Falls waits for impact of Genmar bankruptcy
    Minneapolis-based Genmar Holdings has filed for bankruptcy protection. The company is headed by Twin Cities businessman Irwin Jacobs, and makes Glastron and Larson boats in Little Falls.June 2, 2009
  • Boatmaker Genmar files for bankruptcy protection
    Amid a downturn in the boat-building industry, Minneapolis-based Genmar Holdings has filed for bankruptcy protection. The privately-held company is headed by Twin Cities businessman Irwin Jacobs.June 1, 2009
  • Cirrus Design rehires 50 employees
    The Duluth-based company says it's bringing back those employees because of strong demand for its aircraft, both domestically and overseas.June 1, 2009
  • Arctic Cat cuts 60 jobs
    Thief River Falls-based Arctic Cat will eliminate 60 positions, or approximately 5 percent of its 1,200 employees, the company said in a statement.May 29, 2009

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