Business and Economic News

It may be a while before your table’s ready
The people who staffed shuttered restaurants admit that it’s hard to imagine getting back to normal.
Jobless rate spikes to 14.7%, highest since Great Depression
The U.S. unemployment rate hit 14.7 percent in April, the highest rate since the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record. The figures are stark evidence of the damage the coronavirus has done to a now-shattered economy.
Great River Energy to end North Dakota coal plant operations
Maple Grove-based Great River Energy says it will shut down a large coal-fired power plant in North Dakota and replace it with wind energy. 
3.2 million more are out of work as jobless claims keep piling up
Another 3.2 million people filed for benefits, bringing the total number of jobs lost during the pandemic to 33.5 million. The government is expected to report a huge jump in unemployment Friday.