Economic Downturn
Economic Downturn
  • It's official: U.S. is in recession
    A panel of the National Bureau of Economic Research says the U.S. economy fell into a recession last year.December 1, 2008
  • Saving your savings during economic crises
    Chicago Tribune personal finance columnist Gail MarksJarvis answers listener questions about retirement and savings. She's author of the book, "Saving for Retirement without Living like a Pauper or Winning the Lottery."Midday, November 28, 2008
  • Cirrus announces temporary layoffs
    Airplane maker Cirrus Design says it's temporarily laying off about 165 people at its plant in Grand Forks, N.D., and 335 people in its Duluth headquarters next month.November 26, 2008
  • Some Minn. car dealers expect more closings
    The closing of six Denny Hecker auto dealerships in the Twin Cities area late last week has cast a pall over the region's surviving dealers. Some industry observers expect more closings. Others, though, say the doom and gloom is overdone and that conditions are not so bad.November 24, 2008
  • Bankers survey: Little confidence in rural economy
    A survey of bankers in Minnesota and 10 other states suggests the rural economy is still faltering, and that there is little confidence things will look much brighter in six months.November 21, 2008
  • Job hunting gets harder
    The economic downturn has forced many more Minnesotans to look for a new job -- either because of layoffs or a cutback in hours or to supplement retirement. Compared to a year ago, about 40,000 more Minnesotans are unemployed. But over the same period there are 16,000 fewer jobs in the state.November 21, 2008
  • Midlife career shift and the slumping economy
    Minnesota has lost jobs for the last four months in a row, and thousands more jobs are expected to be lost before things get better. What happens to workers in their 50s and 60s who experience an unwelcome layoff?Midmorning, November 21, 2008
  • State jobless rate rises to 6 percent
    Minnesota's unemployment rate ticked up in October to 6 percent, up a tenth of a percent from the month before. The Department of Employment and Economic Development says the state lost 7,500 jobs last month.November 20, 2008
  • Dow falls below 8,000 as fears of deflation grow
    A growing fear of economic deflation helped take the air out of the stock market Wednesday, and another white-knuckle final hour on Wall Street pushed the Dow Jones industrials under 8,000 to their lowest close since the financial meltdown began.November 19, 2008
  • Stocks finish lower as recession worries deepen
    Wall Street finished sharply lower Monday as investors pored over more signs of economic weakness, including a huge round of layoffs in the financial sector.November 17, 2008
  • Coleman to meet with Ford official
    Sen. Norm Coleman plans to meet with a Ford Motor Co. official this week to discuss the state of the auto industry.November 17, 2008
  • The big fix for failing economies
    World leaders wrapped up their Group of 20 summit on the international economy without agreeing on a coordinated stimulus package. Meanwhile, a lame duck Congress meets this week to consider an auto industry bailout and other possible fixes for America's struggling economy.Midday, November 17, 2008
  • Stocks fall at close, after down week
    Capping another volatile session for the stock market, the key averages ended with a late decline.November 14, 2008
  • U of M to freeze pay of top executives
    The president of the University of Minnesota is freezing the salaries of executive level employees -- including his own -- as a cost-aving move.November 14, 2008
  • Strategies for weathering the recession
    No matter how deep this recession proves to be, the ways to cope are the same from downturn to downturn. Ruth Hayden and listeners talk financial strategies for tough times.Midmorning, November 14, 2008

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