GF Business News: Jobs… GFK Boardings & NDFB
The number of Americans claiming unemployment benefits fell for the seventh week in a row to a pandemic low of 268,000. The Department of Labor says jobless claims fell by 1,000 last week compared to the week before. former.
Job Service North Dakota reported that labor statistics released today show North Dakota’s unadjusted unemployment rate for October was 2.3%. The unemployment rate fell 0.3 percentage points between September and October. The October 2020 rate was 1.4 percentage points higher than the current rate. Between September 2021 and October 2021, unemployment fell by 1,178, a drop of 11.2%.
Minnesota’s unemployment rate in October 2021 has returned to where it was just before the global pandemic was declared in March 2020 to 3.5% (revised), down two tenths of a percentage point from September. The Minnesota Department of Employment and Economic Development (DEED) reports that the drop is mainly due to people moving from unemployment to employment, although the size of the labor force has shrunk slightly by nearly 1,000 people. .
The average long-term mortgage rate in the United States rose this week, with the 30-year principal rate gradually rising more than 3%. Mortgage buyer Freddie Mac reported Thursday that the average 30-year benchmark mortgage rate jumped to 3.1%, from 2.98% last week. A year ago at this time, the rate was 2.72%.
A new monthly survey of rural bankers in 10 plains and western states suggests increasing economic growth in the region, but confidence in the future of the economy has continued to decline. Rural Mainstreet’s overall economic index rose in November to 67.7 from 66.1 in October. Anything above 50 suggests growth. The survey covers Dakota and Minnesota.
North Dakota’s eight commercial service airports recorded nearly 87,000 air passenger boardings during the month of October. Demand for air travel in North Dakota has seen a steady recovery throughout 2021 and is currently leveling off at about 15% below pre-pandemic figures. The 7,339 passengers who passed through the gates of Grand Forks Airport nearly doubled last year’s total for the month. GFK boardings are down 25% compared to the pre-pandemic 2019 period.
CVS Health will close hundreds of pharmacies over the next three years as the healthcare giant adapts to changing customer needs and converts to new store formats. The company said Thursday it will close around 300 stores a year over the next three years as it seeks to reduce the density of the number of stores in some locations.
Department store chains Macy’s and Kohl’s posted strong results for the fiscal third quarter as shoppers resume shopping for dresses and other products that fell to the bottom of the shopping list when the pandemic hit. Macy’s and Kohl’s reported quarterly profit as sales increased.
The Minnesota Municipal Power Agency (MMPA) has partnered with the City of East Grand Forks to install a new Level 2 Electric Vehicle (EV) charger for two cars in the city. The EV charger is located in the city-owned parking lot behind the River Cinema. The charger is compatible with most electric vehicles and allows payment by credit card on the device or via an app.
The Community Foundation of Grand Forks, East Grand Forks & Region has secured a US bailout grant from the National Endowment for the Arts (NEA) to help the arts and culture sector recover from the pandemic. The $ 150,000 will be used to distribute grants to eligible recipients for operations and facilities, health and safety supplies, and marketing and promotional efforts.
The recent Grand Forks Walk to End Alzheimer’s Disease saw 100 participants from 24 different teams raise nearly $ 65,000. The funds raised provide people in the local community with Alzheimer’s and dementia and their caregivers with free care and support services. The health and safety of participants, staff and volunteers remained top priorities. In North Dakota, more than 15,000 people are living with the disease and 19,000 caregivers.
Delegates to the 79th NDFB Annual Meeting re-elected Daryl Lies of Douglas to a two-year term as NDFB President. Dana Kaldor of Hillsboro was re-elected vice-president for a two-year term. Daryl was elected NDFB District 6 Director in 2013 and NDFB President in 2015. He and his wife Kim raise pigs, sheep and goats. The NDFB is a farm and ranch organization in the state of North Dakota, with 28,000 members and 50 organized county agricultural offices. (Image: Lies)
Heather Jenkins has been appointed 15th Superintendent of the Life Skills and Transition Center (LSTC) in Grafton, effective December 1. Jenkins was appointed Acting Superintendent in July 2021 following the retirement of longtime LSTC employee and Superintendent Sue Foerster.
The Community Violence Intervention Center (CVIC) has published a book commemorating its first 40 years as the leading domestic and sexual violence service organization in the region. Two-Generation Guardians: Peacemakers Changing the Face of Violence – For Good, written by Chief Executive Officer Coiya Tompkins, discusses a cross-section of people who have helped shape CVIC’s prevention and response work in the metropolitan area of ââGrand Forks. Copies can be purchased from cviconline.org or from the CVIC office in downtown Grand Forks.
Disney Cruise Line will require all guests aged 5 and over to be fully vaccinated against COVID-19 before they set sail early next year. The company released a statement on its website on Wednesday announcing that the new rules will begin on January 13, 2022.