Economic Downturn
Economic Downturn
  • Impact of recession on the young
    Experts wonder whether this recession will revive Depression-era pessimism among young people today. We'll discuss how this troubled economy may shape the choices of the uber-confident Millennial generation.Midmorning, March 10, 2009
  • Lawmakers consider bill to help homeowners avoid foreclosure
    A new bill being considered by state lawmakers would force lenders to negotiate with struggling homeowners to avoid foreclosure.March 10, 2009
  • Obama calls latest job losses astounding
    Obama spoke at the graduation ceremony for 25 police recruits who owe their jobs to the $787 billion economic recovery bill he signed into law less than three weeks ago.March 6, 2009
  • Jobless rate bolts to 8.1 percent
    The government says the nation's unemployment rate bolted to 8.1 percent in February, the highest since late 1983, as cost-cutting employers slashed 651,000 jobs.March 6, 2009
  • Dow plunges 281 as investors worry about banks, GM
    Stocks ended at 12-year lows Thursday, more than wiping out the previous day's rally. Investors wrestled with more disheartening economic data, new concerns about GM and relentless uncertainty about the financial system.March 5, 2009
  • MIA lays off 6 percent of its staff
    The Minneapolis Institute of Arts today announced it is eliminating 11 full-time positions and 8 part-time positions as a result of the economic downturn.March 4, 2009
  • Hennepin County managers get unpaid leave
    Hennepin County department directors will have to take three days of unpaid leave in 2009 to help relieve the county's budget crunch.March 3, 2009
  • Another mining company announces cutbacks
    Another taconite mining company is announcing cutbacks -- this time in the Iron Range city of Virginia, Minn.March 3, 2009
  • Dow finishes below 7,000 for first time since '97
    The Dow plummeted below 7,000 at the opening bell and kept driving lower all day, finishing at 6,763 -- a loss of nearly 300 points. Wall Street seems to have given up the search for a reason to believe that the worst is over.March 2, 2009
  • Survey: Bleak outlook for Midwest economy
    The economy showed a small improvement last month in nine Midwest and Plains states, but a survey of business leaders suggests the outlook remains bleak and job losses will continue.March 2, 2009
  • Consumer spending rises in Jan., unlikely to last
    Consumer spending rose in January after falling for a record six straight months, pushed higher by purchases of food and other nondurable items.March 2, 2009
  • Minn. budget deficit expected to rise, some say to $7 billion
    Three months ago, state finance officials released a forecast that projected a $4.8 billion deficit for the next two-year budget, as well as a shortfall in the current biennium.March 2, 2009
  • January jobless rate rises to 7.6 percent
    Minnesota's seasonally adjusted unemployment rate rose to 7.6 percent in January, the highest rate since mid-1983.February 26, 2009
  • Economy continues to struggle
    As the recession persists, existing homes sales fall, and President Obama pushes Congress to write new rules for banks, MPR's chief economics correspondent Chris Farrell joins Midday to answer listener questions about the economy.Midday, February 25, 2009
  • Target 4Q profit falls 41 percent amid downturn
    Minneapolis-based Target saw its sales and earnings drop steeply in the fourth quarter, as consumers continued to keep a tight hold on their wallets. As the nation's unemployment rate rose, more of the discount retailer's customers had trouble making payments on Target credit cards.February 24, 2009

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