U.S. in Recession | Minnesota Public Radio NewsQ

Jobless rate jumps to 7.6 percent, 598K jobs lost
Recession-battered employers eliminated 598,000 jobs in January, the most since the end of 1974, and catapulted the unemployment rate to 7.6 percent.February 6, 2009
Hutchinson deals with layoffs at largest employer
The south-central Minnesota community of Hutchinson is working aggressively to support more than 1,000 people who were laid off at the city's biggest employer, Hutchinson Technology Inc.February 5, 2009
Rochester feels the recession, but economy still expands
Even with the lowest unemployment rate among Minnesota metro areas, Rochester feels the recession's sting.February 5, 2009
Same job, smaller paycheck
As the economy continues to struggle, more U.S. companies are cutting employee pay. It's a business tactic rarely seen since the Great Depression.January 29, 2009
Minn. Legislature approves unemployment extension
More than 3,000 jobless Minnesotans would get extended unemployment benefits in the first bill to clear the Legislature this year.January 29, 2009
Sun Country shows a 4Q profit
Minnesota-based Sun Country Airlines today announced a fourth quarter profit of $955,000, and the company says its fortunes are on the upswing.January 28, 2009
Celestica closes Minn. plant; 590 jobs gone
A Canadian company, Celestica, is closing a circuit board plant in Arden Hills, cutting 590 jobs.January 28, 2009
Wells Fargo loses $2.8 billion in 4Q
Wells Fargo & Co. said Thursday that it swung to a $2.83 billion loss in the fourth quarter as it took significant charges to reduce its exposure to the risky assets of Wachovia Corp. and built up its reserves to cover future losses.January 28, 2009
Ainsworth Lumber closes Minn. plants permanently
Ainsworth Lumber Co. says it will close its oriented strand board mills in Bemidji and Cook permanently.January 28, 2009
Best Buy announces layoffs on top of buyouts
Richfield-based Best Buy told headquarters employees today that it will hand out an unspecified number of pink slips Feb. 19.January 27, 2009
Target cuts 1,000 positions at Minn. headquarters
Minneapolis-based Target is eliminating some 1,500 positions, mostly at its corporate headquarters. The retailing giant says falling sales are forcing it to make this rare round of layoffs.January 27, 2009
Delta reports $1.4B 4Q loss; Shares plunge
Delta Air Lines Inc., the world's biggest carrier, said Tuesday it lost $1.4 billion in the final three months of 2008.January 27, 2009
Travelers 4Q profit falls 25 percent
Commercial and personal property insurer Travelers Cos. said Tuesday that lower investment income drove fourth-quarter profit down 25 percent.January 27, 2009
Banking your tax refund to combat poverty
It's tax season - and a Minnesota program that offers low-cost tax refund loans is bracing for overwhelming demand, as more people face financial insecurity.January 27, 2009
Economic forecasters see more job cuts ahead
Tens of thousands of fresh layoffs were announced Monday, and more companies are expected to cut payrolls in the months ahead.January 26, 2009

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