Business

Economy

card image

Teen unemployment is rising as more adults are taking retail jobs and hiring is slowing. But there are still opportunities out there.

card image
card image

More from Economy

Federal cuts threaten information key to Minnesota’s economic growth

Short-staffed agencies have pared back data they collect and share, creating blind spots for state and local governments and businesses.
June 23, 2025
A briefcase of a census taker is seen as she knocks on the door of a residence Tuesday, Aug. 11, 2020, in Winter Park, Fla.

U.S. stock market hardens after economic volatility, but some threats remain

President Donald Trump’s tariffs wreaked havoc on the market for much of the first half of the year. And while the market has become more resistant to those big swings, recession potential and foreign conflict could still cause losses.
June 21, 2025
The Charging Bull sculpture by Arturo Di Modica, in New York's Financial District, is shown in this photo, Wednesday, Feb. 7, 2018. The current bull market is set to turn nine years old in about a month. As of Jan. 26, the date of the last market record, the S&P 500 had more than quadrupled over that time. The market had made big gains over the last year, and many experts felt stocks were overdue for a slump. (AP Photo/Richard Drew)

Social impact as a second act

Many retirees reinvent themselves, using their leadership skills and experience to help nonprofits.
June 18, 2025

College degree no longer guarantees post-grad employment in Minnesota, U.S.

Unemployment for 20-somethings with degrees is higher than the country as a whole, a combination of post-pandemic cooling of the labor market, widespread economic uncertainty and AI replacing entry-level jobs.
June 12, 2025

When it comes to Gen X debt and retirement, despair is not an option

Gen Xers are often taking care of their children and their aging parents at the same time, a financially draining spot.
June 12, 2025

The Twin Cities’ northwest metro is a magnet for manufacturers. That’s no accident.

Recent moves — like Graco exiting Minneapolis for an HQ in Rogers or Dayton, and Boston Scientific selling its Minnetonka campus so it can move more workers to its growing Maple Grove presence — have cemented the suburban area as an industrial hub.
June 11, 2025

DOGE cuts federal money for upgrades at Velveeta plant in New Ulm

Kraft Heinz, the Chicago- and Pittsburgh-based food company in charge of the Minnesota plant that also makes Cheez Whiz, lost a $170 million federal grant to improve energy efficiency at 10 plants nationwide.
June 6, 2025
Kraft Velveeta rotini and cheese at a grocery market in Pittsburgh.

Minnesota factories strained by new steel tariffs and ensuing chaos

The latest round of tariff increases, doubling levies on steel and aluminum, went into effect this week.
June 6, 2025
Three weeks ago, Octavio Rodriguez switched from making transmission parts to casting parts for hospital bed brake assemblies at Twin City Die Castings. ] GLEN STUBBE • glen.stubbe@startribune.com Thursday, April 9, 2020 How employee-owned Twin City Die Casting, which just laid off 40 production workers of its 250 employees in what was supposed to be a good year, is trying to accelerate its pivot to growing medical parts business for ventilators, hospital beds, etc as it copes with instan

‘We don’t want to lose this mine’: Fear sets in for Iron Range miners as shutdown takes hold

Cleveland-Cliffs’ layoff of more than 600 workers in March feels different from past shutdowns, locals say.
June 6, 2025

With workplace incivility on the rise, these companies are trying harder to bring workers together

Minnesota company leaders said they work hard to create an inclusive culture, and don’t shy away from tough conversations.
June 4, 2025

After 60 years, federal cuts shutting down Job Corps center in St. Paul

The Hubert H. Humphrey center offers job training and stable homes to more than 150 teens. The Department of Labor is shutting down Job Corps centers across country.
June 3, 2025

It’s harder to find a job this year, especially a corporate position

It can be frustrating when so many Minnesota firms say there’s a worker shortage. But there are strategies to jumpstart a search during an uncertain market, job experts say.
June 3, 2025
Back to Top