Business and Economic News

Job market resilient in October despite GM strike, beating expectations
U.S. employers added 128,000 jobs last month. The unemployment rate inched up to 3.6 percent. The drop in job creation reflects a slowing economy, but a strike at General Motors was also a factor.
State conservation officials say there is “virtually no scenario” where they would let a Lakeville-based company pump 500 million gallons a year from one of the state’s oldest aquifers and ship it out by rail.
Xcel, Minnesota Power seek electricity rate increases
Residential customers’ monthly bills would go up by about $11.66 in Minnesota Power’s case, while Xcel Energy residential customers would see monthly increases of about $4.80 in 2020, $1.25 in 2021 and $3.00 in 2022.
Judge OKs Water Gremlin reopening amid deal over lead cleanup
The White Bear Township fishing tackle and battery components maker can reopen Tuesday now that state regulators and the company have a safety plan in place on lead contamination.
Minneapolis East African shops boost security after vandalism
Some stores are closing earlier at night. Others have installed new lights and cameras. Owners say these costly steps are needed to restore a sense of safety after a vandal smashed windows on Franklin Avenue.
Time to fall back? One Minnesota company gets rid of clocks instead
For decades, a crew of nearly two dozen people fanned out across 3M’s 409-acre campus, and worked in 12-hour shifts twice a year to set clocks back in the fall and ahead in the spring.
New tax credit for ag land might help rural schools increase funding
Schools in rural districts have struggled to pass property tax increases to pay for new schools at least in part because farmers have often opposed big property tax increases on farm land. A new tax credit will significantly reduce the share farmers pay, and rural schools hope the change will make it easier to replace aging buildings.
The 7-year car loan: Watch your wallet
Americans are buying more expensive cars — nearly $38,000 for new cars, on average. And longer-term loans are enabling many people to make the payments, but at a cost.