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The closures amount to about 15% of its Minnesota locations.
The Minneapolis-based bank also reported a better-than-expected third-quarter profit.
Traditional banks are closing branches. But credit unions are taking an alternate approach.
The state jobless rate increased slightly to 2.9% as more people entered the labor force.
The Minneapolis-St. Paul region continues to see inflation moderating faster on a year-over-year basis compared to other parts of the country.
First Independence Bank expanded from Detroit to Minneapolis at the urging of a group of local banking executives.
William Spriggs, advisor to the Minneapolis Fed who criticized how economists approach race, dies at 68
Spriggs was chief economist at the AFL-CIO and advised the Minneapolis Fed's Opportunity & Inclusive Growth Institute.
State exports to Canada and Mexico increased while those to China declined.
The Minneapolis-based retailer is still selling swimwear made for the transgender community but is no longer selling products from a brand that critics say expresses "Satanist" views.
The aerospace and security company should open its Twin Cities operations this fall.
The president of the Federal Reserve Bank of Minneapolis wrote an essay outlining his thinking.
The state added 4,500 jobs in April, and the unemployment rate held steady at 2.8%.
Michael Vale had been with the company for more than 30 years, most recently as its group president and chief business and country officer.
The policy changes led to 5,400 fewer jobs in Minneapolis and 3,800 fewer jobs in St. Paul, according to researchers
James Bullard, a Minnesota native, shared his economic thinking in a Friday conversation with Minneapolis Fed President Neel Kashkari.
The pitch challenge is part of a statewide Technovation program that aims to grow interest in coding and technology
The financial services company is the third largest bank in Minnesota by deposit size.
While some Minnesota businesses profess automation can't fully replace the human touch, they still intend to invest further in robotic help.
With March's job losses, the state has no longer fully recovered all of the private-sector jobs lost in the pandemic
But the country's fifth-largest bank, Minneapolis-based U.S. Bancorp, still reported an uptick in deposits in the days following March bank failures, plus a quarterly profit.
The company also will exit its Metropoint offices in St. Louis Park and relocate workers to downtown Minneapolis and Shoreview.
The move comes after National Public Radio and the Public Broadcasting System both announced plans to leave the controversial social media site.
A Burnsville man was ejected from his SUV after it rolled into the median after striking two other vehicles.
In a New York Fed survey of households, 58.2% of consumers reported it was harder to obtain credit in March than a year ago, the highest percentage since the survey started a decade ago.
Meanwhile, U.S. inflation eased to 5% in March.
John Stern will become chief financial officer, succeeding Terry Dolan, who is taking on a new executive role.
The state's Gross Domestic Product rose 1.3% in fourth quarter, compared to 2.6% for the U.S.
As snow melts, the car shopping season kicks off in Minnesota, starting with the nine-day Twin Cities Auto Show opening Friday.
Neel Kashkari made his first public comments since the recent bank failures on CBS' Face the Nation this past Sunday.
Many said they haven't seen an outflow of deposits despite Silicon Valley Bank and Signature Bank collapsing.
The state added 10,100 jobs in February, and its unemployment rate ticked up to 3%.
Some economists have raised the question after a number of states already passed tax rebates, but rebate supporters argued much bigger factors drive inflation.
Financial experts say now is a good time to save, pay down debt and keep career contacts fresh.
The Minneapolis-based bank is one of 11 that are part of the plan aimed at helping stabilize the banking sector
Nexo Capital has agreed to stop selling the interest-bearing product.
Minnesota-based banks' stocks slid this morning despite the federal government stepping in to quell fears. Meanwhile, experts say consumers should rest easy about their money.
The state unemployment rate, revised higher during the second half of last year, held steady at 2.9%.
Canada and Mexico were the state's top foreign markets, according a state agency report, while China slipped to third place.
The remaining two trustees selected Frank Miley to fill the open seat.
The new code of conduct policy comes after Kashkari had spearheaded an effort to change Minnesota's education clause in the state Constitution.
Frank Miley replaces Brian Lipschultz, who was removed last year by a Ramsey County judge.
The consumer price index for the Twin Cities rose 5.1% over the year ending in January, compared with 6.4% for the U.S.
It's not because employers are doing anything different. It's because banks and credit unions are fronting the funds to its customers early.
The program, aimed at exposing more students to the food industry, starts this month.
Every employee who works there will be offered a transfer to one of Amazon's other facilities in the Twin Cities region, the company said.
The bank's fourth-quarter earnings were weighed down by costs related to the deal.
Gene Munster of renamed Deepwater Asset Management expects laid-off employees to find new roles quickly.
While wages have risen across the spectrum, they've grown the fastest for workers in the bottom half, economists with the Minnesota Department of Employment and Economic Development found.
The state lost 5,200 jobs last month and the unemployment rate ticked up to 2.5%
Hyder Investments has agreed to strengthen policies and to hold regular workplace trainings.
Brian Lipschultz was ousted from the trust last year following a suit brought by the Minnesota Attorney General's Office
Neel Kashkari will have a vote this year on how high interest rates go.
During his career, Dunwiddie helped preserve many landmarks of Minnesota history, including the Minnesota State Capitol, Historic Fort Snelling, the James J. Hill House and buildings in downtown Red Wing.
Kashkari will have a vote on rate-setting committee this year
It's a complicated picture that economists and analysts who watch Minnesota's economy closely are still trying to decipher.
However, a big gap remains in the median income between Black and white households in Minnesota.
California was already U.S. Bank's biggest market and got even larger with its recent purchase of MUFG Union Bank.
The solid jobs report comes on the heels of a blockbuster month of job growth in October.
The downward turn is now clear. The latest consumer price index for the region rose 5.3% compared with 7.1% for the U.S.
Minneapolis Mayor Jacob Frey will convene a group next week to work on reviving storefronts downtown.
The company is moving out of its skyscraper headquarters building to its client service center a couple blocks away.
The state will see "almost no growth" in its workforce in coming years, demographer Susan Brower told the Minnesota Chamber of Commerce.
It's the sixth and final program to launch as part of the $97 million State Small Business Credit Initiative.
One survey also showed Minnesota's firms signaling contraction in November.
The purchase gives Minneapolis-based U.S. Bank a much bigger presence in California, Oregon and Washington.
The $12.5 million automation loan program is the fifth announced so far as part of $97 million small business initiative.
However, the state is slightly trailing the growth of U.S. exports over the first nine months of the year.
Six cities in the state or on its border are among the 20 best for jobs right now.
The state's job growth rate outpaced the national rate, a rarity because Minnesota's labor market has been so tight.
Job postings remain elevated and jobless claims low. The state's latest jobs data comes out Thursday.
He was one of the "four horsemen" of the U's economics department, three of whom won Nobel Prizes.
While job cuts at tech companies seem to be picking up, overall layoffs remain quite low.
Transoceanic shipping is no longer backed up. But labor shortages at airlines and trucking firms continue to influence U.S. supply chains.
CEO Andy Cecere sent a memo to workers last week asking them to come to the office more often.
The nation's biggest bank had previously committed to opening 25 branches in the region.