Business and Economic News

Big boost for Social Security benefits as inflation rises
Millions of retirees on Social Security will get a 5.9 percent boost in benefits for 2022. The biggest cost-of-living adjustment in 39 years follows a burst in inflation as the economy struggles to shake off the drag of the coronavirus pandemic.
University of Minnesota students redesign walker for younger users
Four University of Minnesota students have come up with a new way for people to move around. They took the wheeled walker that many seniors use and reimagined it for a younger clientele.
Americans quit their jobs at a record pace in August
The Labor Department said that quits jumped to 4.3 million in August, the highest on records dating back to December 2000, and up from 4 million in July. Hiring also slowed in August. The report showed the number of jobs available fell to 10.4 million, from a record high of 11.1 million the previous month.
NPR poll: The delta surge pushed Americans further behind in all walks of life
Many families are under financial stress, parents see kids seriously behind in school, huge rent bills and looming evictions and delayed medical care has negative consequences, to name a few.
More sizzle in Minnesota tax revenue
Lawmakers will be awash in extra money in their 2022 session based on strong tax revenues and a pot of federal cash.