Business and Economic News

April 3, 2020 2:32 PM

3M CEO defends Maplewood-based company against Trump Twitter attack

Maplewood-based 3M CEO Mike Roman told MPR News that the manufacturing company is doing everything it can to get as many respirator masks to Americans as possible. The comments came after President Trump took to Twitter Thursday and questioned its performance.

by Tom Crann and Martin Moylan

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April 3, 2020 10:07 AM

Slammed by Trump, 3M says N95 mask exports from U.S. should continue

The president and others have criticized 3M, with some officials alleging profiteering during the COVID-19 pandemic. But the company says cutting exports would be a mistake.

by Bill Chappell

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April 3, 2020 7:57 AM

Amazon worker describes what it's like to fulfill orders at Shakopee warehouse right now

Online shopping seems like a great solution these days. While you're stuck at home — and trying to avoid human contact — why not have things like paper towels, markers and pens delivered straight to your door?

by Cathy Wurzer

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April 3, 2020 7:40 AM

U.S. sheds 701,000 jobs, ending a record-long hiring streak

Last month's actual job loss was likely even larger because the government surveyed employers before the heaviest layoffs hit in the past two week. Nearly 10 million Americans applied for unemployment benefits in the last two weeks of March, far exceeding the figure for any corresponding period on record.

by The Associated Press

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April 3, 2020 6:00 AM

‘We’ll continue to publish’: Local news takes hit in midst of coronavirus coverage

Newspapers, which have become critical ways for the public to access information during the coronavirus pandemic, are getting squeezed in the shrinking economy.

by Dan Kraker

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April 3, 2020 4:00 AM

Minnesota women applying for unemployment at higher rates than men

State employment officials say more women have applied for unemployment insurance related to the COVID-19 pandemic than men over the past few weeks.

by Nina Moini

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April 2, 2020 4:55 PM

Data: 2019 another year of narrow margins for Minnesota farmers

Median farm income was up slightly in 2019, but remained at historically low levels, continuing a trend that started in 2014.

by Dan Gunderson

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April 2, 2020 4:23 PM

Minnesota’s head of employment answers your unemployment questions

With businesses closing because of the COVID-19 pandemic, unemployment benefit applications have skyrocketed across the country. DEED Commissioner Steve Grove and two economists joined host Angela Davis to talk about the phenomenon and answer listener questions about their own unemployment situations.

by Angela Davis and Katie Moritz

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April 2, 2020 7:31 AM

Staggering: Record 10 million file for unemployment in 2 weeks

The staggering number of people claiming jobless benefits set a new record for the second week in a row. Much of the country has been ordered to stay at home, bringing the economy to a lurching halt.

by Avie Schneider