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Manufacturing sector in the Midwest and the nation lost jobs and saw orders decline as tariff costs jumped.

An aerial view of state Highway 169 between Chisholm and Hibbing, Minnesota.
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More from Economy

In Minnesota hockey rinks, tariffs hit the boards

The dasher boards that line ice arenas in Minnesota contain aluminum components from Canada, adding tariff bills of thousands to rink renovations.
January 3, 2026
Minnesota Wild's Jonas Brodin (25) gets slammed into the boards by Los Angeles Kings' Kyle Clifford (13) during the first period of an NHL hockey game, Thursday, Oct. 3, 2013, in St. Paul, Minn. (AP Photo/Jim Mone)

A quarter of Twin Cities middle-class families can’t afford the necessities

A new report shows the metro outperforms most of the U.S. on middle-class affordability, but many are still struggling to make ends meet.
December 31, 2025
Editor's Pick

Editor's Pick

For this year’s roughly 10,000 laid-off Minnesotans, holidays are bittersweet

More than a million Americans have lost jobs in 2025 as the labor market continues to show signs of weakness, including many staying unemployed for longer.
December 29, 2025
Editor's Pick

Editor's Pick

No degree, no job? Tighter labor market leaves many with fewer options

More than 60% of Americans don’t have a college diploma, a liability as hiring slows.
December 11, 2025

Minneapolis City Council looks to solve No. 1 problem downtown: Where to go No. 2

Businesses and homelessness advocacy groups say people are relieving themselves in public out of desperation. The council is exploring high-tech restrooms.
December 10, 2025

The economy is dragging, but the stock market is thriving. Why?

There are seven answers in the form of tech companies like Nvidia, Apple and Microsoft. But their outsized impact could spell disaster if the AI bubble bursts.
December 4, 2025

Faced with a housing crisis, this southern Minnesota city is saying yes to experimental builds

Over the summer, the New Ulm City Council voted in favor of tiny homes, shed houses and zoning flexibility.
December 1, 2025

3 takeaways from Destination Medical Center’s plan for downtown Rochester’s next 5 years

DMC officials are outlining more project interests and goals to meet in the $585 million initiative.
November 25, 2025

Minneapolis Fed’s Neel Kashkari cools on third rate cut this year

Leaders of the Federal Reserve Bank have split opinions on whether to hold interest rates steady or make another dent.
November 25, 2025

Consumer anxiety hastens winter chill for Twin Cities housing market

Sales are on pace to outpace last year, but purchase orders were down in October and homes were on the market longer.
November 19, 2025

How a private-equity collapse sank Minnesota Rusco

A private-equity deal promised growth for one of Minnesota’s oldest remodelers. Instead, its parent company’s bankruptcy left workers jobless and customers with unfinished homes.
November 14, 2025
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