Business and Economic News

Federal jobs watch: Just-released February jobs report shows few losses in Minnesota
The federal workforce includes nearly 34,000 jobs in Minnesota. Over 20,000 are located in the Twin Cities metropolitan area. The Bureau of Labor Statistics’ month jobs report shows a loss of 100 federal jobs through Minnesota from January to February. Surprisingly, the report showed a gain of 100 federal jobs in the Minneapolis and St. Paul metro.
'We're already on thin margins': Minnesota retailers react to the potential global tariffs
The severe change in economic policy has rocked financial markets globally. But how could these tariffs affect markets in Minnesota? Two retailers expressed their disappointment and hope.
Trump pauses tariffs on most nations for 90 days, raises taxes on Chinese imports
Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports to 125 percent.
Keystone oil pipeline shutdown could quickly lead to higher gasoline prices
The nearly 2,700-mile Keystone oil pipeline was shut down Tuesday morning after it ruptured in North Dakota, halting the flow of millions of gallons of crude oil from Canada to refineries in the U.S. and potentially leading to higher gasoline prices.
As cost of new products rises, many thrifty shoppers look to secondhand
President Trump has said tariffs will counter imbalance in the country’s trade partnerships, but experts have warned this could lead to higher costs for American businesses and consumers — which could mean more people shop secondhand.