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Business and Economic News

A fall tradition: Bringing in the wild rice harvest

This is the season for collecting wild rice across northern Minnesota. Ricers have been out in canoes harvesting the crop from lakes and rivers. To preserve that rice, and give it the trademark nutty, smoky flavor involves a process of parching, jigging, winnowing and fellowship.
by Dan Gunderson

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Mortgage rates hit six percent, first time since 2008 housing crash

Mortgage rates hit six percent, first time since 2008 housing crash

Average long-term U.S. mortgage rates climbed over six percent this week for the first time since the housing crash of 2008, threatening to sideline even more homebuyers from a rapidly cooling housing market.
by The Associated Press

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Minnesota's unemployment rate increases slightly, but Minn. officials say hiring is still strong

Minnesota's unemployment rate increases slightly, but Minn. officials say hiring is still strong

August’s unemployment rate was 1.9 percent, just up from the state’s record-low 1.8 percent in July. It’s still much lower than the national unemployment rate, which was 3.7 percent in August.
by Peter Cox

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Tribes say North Dakota is tampering with mineral royalties

Tribes say North Dakota is tampering with mineral royalties

The Mandan, Hidatsa and Arikara Nation is accusing North Dakota officials of tampering with the tribes' efforts to collect royalties from oil and gas production underneath a riverbed on the Fort Berthold Reservation. 
by The Associated Press

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High rents outpace federal disability payments, leaving many homeless

High rents outpace federal disability payments, leaving many homeless

Supplemental Security Income, a federal program meant to be a financial floor for people unable to work, hasn't kept pace with inflation. Many recipients are homeless, unable to save for an apartment.
by Fred Clasen-Kelly

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With strike over, Minnesota nurses hope it helped contract negotiations

With strike over, Minnesota nurses hope it helped contract negotiations

Members of the Minnesota Nurses Association at 15 hospitals in the Twin Cities and Twin Ports walked off the job Monday over contract negotiations. Next they will see if the walkout will help at the bargaining table.
by Michelle Wiley

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Fungal pathogen affecting apple trees found in Minnesota for first time

Fungal pathogen affecting apple trees found in Minnesota for first time

A fungal pathogen that can cause defoliation of apple and crabapple trees has been found in Minnesota for the first time. Agriculture officials say they’re “cautiously optimistic” that it will not significantly affect apple production in the state.
by Mathew Holding Eagle III

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Minnesota commuters may be affected by possible national railroad strike

Minnesota commuters may be affected by possible national railroad strike

Railroads had already started to curtail shipments of hazardous materials and refrigerated products as of Wednesday ahead of Friday's strike deadline. A work stoppage would also affect passenger rail service — including Metro Transit's Northstar Commuter Rail.
by The Associated Press and MPR News Staff

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