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Adam Belz

Business reporter | Economy
phone: 612-673-4405
Adam covers the economy for the Star Tribune and maintains a blog called 3D Economics. He wrote for the Cedar Rapids Gazette and The Des Moines Register in Iowa before moving to Minnesota in June 2012.
Recent content from Adam Belz
Sunday conversation: Mynul Khan of Field Nation

Sunday conversation: Mynul Khan of Field Nation

Field Nation has made a fast-growing business out of connecting tech service companies with freelance technicians, but CEO Mynul Khan is thinking bigger.

Mining jobs evaporate in December, iron ore shipments slow on Great Lakes

The sector has lost one in seven jobs over last year.

Doherty sells its human resources management unit to Florida firm

Oasis Outsourcing will continue operations in the Twin Cities.
Minnesota employers add 7,200 jobs in November

Minnesota employers add 7,200 jobs in November

Construction leads the way, as Minnesota's unemployment rate falls
Federal Reserve Bank of Minneapolis picks union leader for board of directors

Federal Reserve Bank of Minneapolis picks union leader for board of directors

On Jan. 1, Harry Melander will join MayKao Y. Hang, the chairwoman of the board and CEO of the Wilder Foundation, and Ken Powell, the deputy chairman and CEO of General Mills.
Minnesota GDP grew by 4.5 percent in second quarter

Minnesota GDP grew by 4.5 percent in second quarter

Minnesota’s economy grew briskly in the second quarter, with gross domestic product rising 4.5 percent compared to a year earlier, according to seasonally adjusted data…
Minneapolis start-up wins federal grant to develop educational biology game

Minneapolis start-up wins federal grant to develop educational biology game

A small Minneapolis start-up that makes educational games has been awarded a federal grant to develop apps to help students learn difficult science and math…
Charlie Boone, legendary WCCO morning radio host, dies at 88

Charlie Boone, legendary WCCO morning radio host, dies at 88

"Boone and Erickson," Boone's 37-year collaboration with Roger Erickson, was one of the most popular shows on radio from the 1960s to the 1990s.
Labor shortage has companies working OT to find employees

Labor shortage has companies working OT to find employees

A tight labor market leaves short-staffed businesses scrambling to recruit, retain and even transport workers.

Minnesota sheds 1,700 jobs in October, unemployment rate drops

A second month of fewer jobs is another sign that labor growth is plateauing in Minnesota.
AFL-CIO President Richard Trumka slams Trans-Pacific trade deal

AFL-CIO President Richard Trumka slams Trans-Pacific trade deal

Richard Trumka says the Trans-Pacific Partnership needs to be stopped.
Bailout dangers were on the radar of the Minneapolis Fed long before Kashkari's arrival

Bailout dangers were on the radar of the Minneapolis Fed long before Kashkari's arrival

Neel Kashkari is taking the reins of the regional Federal Reserve bank that has been at the forefront of research into the cycle of financial crises and bailouts, a problem of expectations that is far from solved.
Mpls. Fed taps key figure in government bailout as new president

Mpls. Fed taps key figure in government bailout as new president

The appointment is a change after more than 30 years of leadership by academic economists.
Target had quiet talks with labor on Mpls. workplace rule

Target had quiet talks with labor on Mpls. workplace rule

Target Corp., the largest private employer in Minneapolis, worked closely with the backers of the workplace scheduling ordinance that angered many businesses before city leaders dropped it last month.
Entrepreneur tries an artful new direction in pens

Entrepreneur tries an artful new direction in pens

After selling pens to corporations for years, Barry Rubin has taken the business and turned it into usable art
Michael Jordan, Mark Cuban invest in parent of Mpls. sports stats firm

Michael Jordan, Mark Cuban invest in parent of Mpls. sports stats firm

$45M investment in Sportradar, with U.S. roots at the University of St. Thomas, isn't just financial.
New Canadian leader's spending plans could help state exporters

New Canadian leader's spending plans could help state exporters

Justin Trudeau, the leader of the newly elected Liberal government, hopes to jump-start Canada's economy by spending big on health care and public works, roads and bridges, ports, public transit and border crossings.
Obituary: Chemist George Chang, a famed philosopher's son, was a 'historian at heart'

Obituary: Chemist George Chang, a famed philosopher's son, was a 'historian at heart'

The son of a renowned Confucian scholar and an early feminist in China, George Chang fled his home country in 1947 to study in the…
Greater MSP group launches new front in war for talent

Greater MSP group launches new front in war for talent

Low unemployment, aging workforce push companies to launch new initiative.

Economist Greenstone sees climate change accelerating as developing countries rise

In a lecture at the U, he said energy habits must change as developing countries rise.
Restaurants' labor shortage shows stretched Minn. economy

Restaurants' labor shortage shows stretched Minn. economy

Minnesota restaurateurs are facing a growing shortage of workers at the same time a boom in new restaurants is creating even more need for servers and cooks.
Local labor groups launch campaign against U.S. Bank, Wells Fargo

Local labor groups launch campaign against U.S. Bank, Wells Fargo

Unions seek $15-an-hour minimum for tellers, janitors.
Twin Cities GDP grew 2 percent last year, metro ranks 14th in the nation

Twin Cities GDP grew 2 percent last year, metro ranks 14th in the nation

Growth in manufacturing and services businesses offset some losses in financial services.
Minnesota adds 7,300 jobs in August, sets slower pace

Minnesota adds 7,300 jobs in August, sets slower pace

There have been solid gains and unemployment is low. Stil, "I think our trajectory is flattening out," said Steve Hine, the labor market analyst at the state.
Job vacancies are soaring in Minnesota, but most have low pay

Job vacancies are soaring in Minnesota, but most have low pay

In Minnesota, most openings don't pay enough to support a family of three.

Stanford economist: Fed should start to raise rates

U.S. monetary policy is too unpredictable, Taylor said.
In a dramatic shift, joblessness plunges for Minnesota's Latinos

In a dramatic shift, joblessness plunges for Minnesota's Latinos

Hispanic jobless rate dips below the state average, but low wages and part-time positions cloud the picture.
Women drive success of Somali mall in south Minneapolis

Women drive success of Somali mall in south Minneapolis

The women who run the shops cover their heads, and many of them believe it is a man's responsibility to pay bills for the family. Yet they prize entrepreneurship.
Comcast to double Internet speeds for many in Twin Cities, for free

Comcast to double Internet speeds for many in Twin Cities, for free

The move is the latest attempt to expand broadband service in the Twin Cities metro area.
Jobless rate climbs as Minnesota loses 3,900 jobs in July

Jobless rate climbs as Minnesota loses 3,900 jobs in July

The state's unemployment rate ticked upward to 4 percent.
In Minn. timber country, no love lost between logger and giant paper mill

In Minn. timber country, no love lost between logger and giant paper mill

A nearly two-year-old fight between a local businessman and the multinational corporate owner of an International Falls paper mill is distorting wood prices in northern Minnesota, upsetting other loggers and causing anxiety in the city as the mill's workforce shrinks.
Loonie's swoon makes for deals on other side of Minn.-Canada border

Loonie's swoon makes for deals on other side of Minn.-Canada border

Canadian dollar at its weakest point in 11 years, so Minnesotans get better deals north of border

Minnesota job market grows a little in June

Jobs added in construction, private education and health care, but pay is stagnant.
U.S. Bank's profit falls slightly as revenue declines

U.S. Bank's profit falls slightly as revenue declines

Its per-share profit met expectations as the nation's fifth-largest bank continues to grapple with low interest rates.
Fast-growing When I Work to acquire ShiftHub, raises another $5 million

Fast-growing When I Work to acquire ShiftHub, raises another $5 million

The fast-growing St. Paul maker of scheduling software attracts funding, acquires competitor
Giant brand may be price for Vikings giant stadium

Giant brand may be price for Vikings giant stadium

People attentive to architecture and design say the look of the building will be weakened by its heavy commitment to branding.
As travelers carry less cash, will ATMs at airports go the way of phone booths?

As travelers carry less cash, will ATMs at airports go the way of phone booths?

MSP officials struggle to drum up interest from major financial companies to place ATMs in the airport.
African immigrants found to be a powerful economic force in Twin Cities

African immigrants found to be a powerful economic force in Twin Cities

Concordia report shows they're an economic force in Twin Cities.

CoCo to open co-working space in northeast Minneapolis

Its fourth location will be in the Van Buren building this month.
Overtime plan is latest battle in debate over economic fairness

Overtime plan is latest battle in debate over economic fairness

President Obama will visit La Crosse, Wis., today to make the case that the federal government should require employers to pay overtime to all salaried workers who earn less than $50,000 per year.
Minnesota Chamber of Commerce names Douglas Loon as new president

Minnesota Chamber of Commerce names Douglas Loon as new president

The longtime U.S. Chamber operator takes over the state's largest business lobby group.
Judge: Timberland value plummets after conservation easement

Judge: Timberland value plummets after conservation easement

A court found that four counties valued Blandin's timberland too high; they face a drop in tax revenue.
Trains are wrecking one tiny Minnesota town's quality of life

Trains are wrecking one tiny Minnesota town's quality of life

RANIER, Minn. ­– The whistle from across the border gave warning, as it does 22 times a day, that anyone with places to go…
With name on new Vikings stadium, U.S. Bank's visibility grows

With name on new Vikings stadium, U.S. Bank's visibility grows

The Vikings stadium naming deal is a small part of the bank's marketing budget, but it expects big benefits for its brand
Minnesota job market flat in May, unemployment rate ticks upward

Minnesota job market flat in May, unemployment rate ticks upward

A two-year downward trend in job creation continued during May.
Dayton signs bill to allow equity crowdfunding

Dayton signs bill to allow equity crowdfunding

A bill that makes it easier for start-up companies to raise capital in Minnesota became law Monday when Gov. Mark Dayton signed the legislative session’s…
Economic growth slowed in Minnesota, Midwest last year

Economic growth slowed in Minnesota, Midwest last year

After a period of outpacing the nation, Minnesota's growth was dampened by slowdowns in farms and mines
Dudley: Fed likely should raise rates before end of 2015

Dudley: Fed likely should raise rates before end of 2015

The chief of the New York Fed said there are a number of signs of a strengthening economy.
Minneapolis Fed leader maintains call for low rates

Minneapolis Fed leader maintains call for low rates

Narayana Kocherlakota says raising rates this year would be 'a mistake' with employment still subpar.
Bridge collapse near International Falls closes crucial rail corridor

Bridge collapse near International Falls closes crucial rail corridor

The fire and subsequent collapse of the timber bridge over the Rat Root River closes a rail artery that connects the Pacific Coast with Chicago.
Memorial Day weekend could see most road trips in years

Memorial Day weekend could see most road trips in years

Summer starts with Memorial Day weekend, and this year more of us will be going places.
Minnesota added 7,400 jobs in April, led by construction

Minnesota added 7,400 jobs in April, led by construction

Unemployment fell to 3.7 percent and labor participation is at the highest level since 2011.
Comcast plans higher-speed Internet service in Twin Cities

Comcast plans higher-speed Internet service in Twin Cities

Comcast said Thursday it will roll out several higher-speed Internet options to more than 600,000 homes in the Twin Cities this year.

Janitors for Macy's, Herbergers in Twin Cities sue over alleged abuses

Employees are accusing Capital Building Services Group of unpaid wages and other labor violations.

Airport commission tackles labor issues: Sun Country dispute, minimum wage

Sun Country pilot dispute fueled the decision by he MAC.
Bird flu crimps Minnesota economy by $310 million

Bird flu crimps Minnesota economy by $310 million

Outbreak has killed millions of birds and created economic ripple effects.
Airport appears set to lift minimum wage to $10

Airport appears set to lift minimum wage to $10

The leader of the Metropolitan Airports Commission has recommended that commissioners bow to union demands for a higher pay floor at the airport.
How an Iowa town caught 16,000 Minnesota speeders

How an Iowa town caught 16,000 Minnesota speeders

Cedar Rapids, Iowa, has become the ultimate speed trap in the Midwest, sending out tickets at an unprecedented rate, including to thousands of Minnesotans.
Trucks, SUVs driving increase in vehicle sales in Minnesota

Trucks, SUVs driving increase in vehicle sales in Minnesota

Vehicle sales jumped nearly 5 percent in the state last year; sales of trucks and SUVs increased solidly, while sales of cars, including hybrids, dropped.
Star Tribune 100: Signs point to a new round of companies going public

Star Tribune 100: Signs point to a new round of companies going public

Few Minnesota companies have gone public in recent years, but that soon may change
Campaign begins to raise $40M for new Dorothy Day shelter in St. Paul

Campaign begins to raise $40M for new Dorothy Day shelter in St. Paul

Business leaders are pushing to raise $40M for a new Dorothy Day Center
Mining slump has makers of big machines, parts feeling pain

Mining slump has makers of big machines, parts feeling pain

Idled mines, slowed oil production, soft agriculture all mean demand is down for manufacturers.
How forecast of Minn. high-skills jobs was twisted out of shape

How forecast of Minn. high-skills jobs was twisted out of shape

The share of jobs that require training beyond high school in Minnesota is growing only moderately.
Job prospects grow for Minnesota teens just in time

Job prospects grow for Minnesota teens just in time

This summer, when parents say "get a job," it just might be easier, according to new data. Shops, restaurants and amusement parks are starting to hire summer workers now, and they say competition for employees is growing.
Mpls firm Sportradar US wins NFL deal, strikes blow against rival Stats LLC

Mpls firm Sportradar US wins NFL deal, strikes blow against rival Stats LLC

Mpls. company is a major player in gathering sports statistics
Obituary: John Mooty, powerful lawyer and former Dairy Queen chairman

Obituary: John Mooty, powerful lawyer and former Dairy Queen chairman

A son of the Great Depression from southwest Minnesota, John W. Mooty rose to become one of the most powerful lawyers and businessmen in the…
Bank of Japan chief Kuroda visits Minnesota, predicts 3% U.S. growth

Bank of Japan chief Kuroda visits Minnesota, predicts 3% U.S. growth

Haruhiko Kuroda, governor of the Bank of Japan, is expecting 3 percent growth by year's end.
Minnesota adds 7,800 jobs in March, jobless rate holds at 3.7%

Minnesota adds 7,800 jobs in March, jobless rate holds at 3.7%

While employment in the state remains high, job growth is now slower in Minnesota than in the nation as a whole.
U.S. Bancorp leaders anticipate Fed will lift interest rates this fall

U.S. Bancorp leaders anticipate Fed will lift interest rates this fall

First-quarter profit climbed even though loan growth slowed. Interest rates will provide a lift.

Former official Carla Hills sees U.S. trade leadership eroding

Carla Hills blames it on an erosion of leadership.
Wages at MSP Airport become focus of anti-poverty drive

Wages at MSP Airport become focus of anti-poverty drive

New report shows that many East Africans in metro area work at MSP but still live in poverty.

FCC zaps CenturyLink with $16 million fine over 2014 911 outage

More than 6,000 callers to 911 service didn't get through during a six-hour period last April.
Minneapolis Fed plans center for Indian reservation development

Minneapolis Fed plans center for Indian reservation development

It's part of an effort to reduce poverty on reservations.
US Internet intensifies battle for high-speed dollar in south Mpls.

US Internet intensifies battle for high-speed dollar in south Mpls.

It's planning an expansion that will test whether a local, private business can succeed in competition with the giants of the telecom industry.

Job vacancies in Minnesota rise to highest level since 2001

State's labor market continues to tighten, but most of the openings are in low-wage jobs.
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