Business and Economic News

January 19, 2017 10:24 AM

MN December jobless rate ticks up to 3.9 percent; 12K jobs added

The state's seasonally adjusted jobless rate remained below the 4.7 percent national rate, but the nation continued to outpace Minnesota in one-year job growth.

by MPR News Staff

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January 18, 2017 8:33 PM

Source: Trump picks former Ga. Gov. Perdue to lead USDA

Former Georgia Gov. Sonny Perdue, 70, would be the first Southerner to lead the Agriculture Department in more than two decades.

by Associated Press

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January 18, 2017 5:13 PM

Minneapolis Fed presses effort to close racial, economic gaps

Hoping his institution can be a force for economic equality, Minneapolis Federal Reserve President Neel Kashkari on Wednesday unveiled a new research push that he said would focus on the well-being of all Americans.

by Martin Moylan

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January 18, 2017 3:44 PM

Builders worry affordable housing support will shrink under Trump

Minnesota low-income housing builders say they're already feeling the impact of Donald Trump's presidential victory. Uncertainty about his corporate tax policies has nearly scuttled a key financing mechanism for new developments.

by Catharine Richert

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January 18, 2017 9:56 AM

Commerce nominee Ross declares he is pro-trade, pro-union

Billionaire investor Wilbur Ross cited his relationship with the United Steelworkers Union, which has endorsed him for the Cabinet post, as proof that he will work to protect American jobs.

by The Associated Press

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January 18, 2017 8:29 AM

The rise of MyPillow and CEO Mike Lindell

Writer Josh Dean recently spent time with Lindell at his new factory in Shakopee for an article published this week in Bloomberg Businessweek.

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January 18, 2017 7:30 AM

Target lowers 4Q profit and sales outlook

The disappointing holiday season is a setback for Target, which like many other retailers is trying to reinvent itself to be more nimble in a changing landscape where online leader Amazon.com is setting the rules.

by The Associated Press

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January 18, 2017 6:43 AM

Gulf between richest and poorest wider than previously thought, Oxfam says

Last year, Oxfam said the world's richest 62 people had as much money as the poorest 3.6 billion. Turns out those numbers were wrong: The richest nine people had as much wealth as half the planet.