U.S. employers extended a robust hiring streak in March, adding 431,000 jobs, a sign of the economy’s resilience in the face of a still-destructive pandemic, Russia’s war on Ukraine and higher inflation in 40 years. The government report showed that job growth last month helped reduce the unemployment rate to 3.6%.
A closely watched inflation indicator by the Federal Reserve jumped 6.4% in February from a year ago as the sharp rise in prices for food, gasoline and other basic necessities weighing on American finances. The figure reported by the Commerce Department was the largest year-over-year increase since January 1982.
Average long-term U.S. mortgage rates rose again this week, with the key 30-year lending rate rising above 4.5% to its highest level since late 2018. The Mortgage Buyer Freddie Mac said the average rate on the 30-year loan this week rose to 4.67% from 4.42% last week.
Grand Forks County posted an unemployment rate of 2.5% in February. That was down 0.4 from January. According to the North Dakota Job Service, a total of 950 people in the county were looking for jobs during the month. The statewide unemployment rate was 3.1%
The cost of a taxi ride in Grand Forks is increasing. City Council has given preliminary approval to increase the minimum rate to $10. Maximum fares would also climb $3 to $6, with each successive 1/8 mile climbing to 50 cents. Taxi drivers say rising gas prices and labor costs are driving demand. Rates were last revised in 2008.
The Grand Forks Park Board of Trustees will this week consider hiring Berry Dunn/GreenPlay to conduct a study for an indoor sports and aquatics facility project. The RFP cited a 300,000 square foot facility with a turf big enough for soccerâ¦ footballâ¦ and lacrosse. On the water side is an eight-lane swimming and diving area – as well as a 25-meter pool.
The 2022 North Dakota Travel Industry Conference will be held in Grand Forks, April 25-27 at the Alerus Center. The conference attracts more than 200 travel professionals each year.
The Minnesota Department of Agriculture is warning consumers to avoid eating Ocean Mist Farms brand Romaine Hearts with the coding â22RHDM2Lâ and a harvest date of âMAR 10,â grown in Coachella, California. The MDA laboratory found Cyclospora in the product during routine surveillance sampling. Customers who purchased the product should discard the product and not eat it. No disease associated with this product.
Have a spare penny? Parts are rare again. Retailers, laundromats and other businesses that depend on coins want Americans to empty their piggy banks and look under sofa cushions for extra change and âmove the coins.â A group of trade associations are asking the Treasury Department for more help in convincing Americans to put the coins back into circulation. The slowdown is hitting people who don’t have the ability to pay for their purchases electronically.
Walmart will no longer sell cigarettes in some of its stores, although tobacco sales can be a major source of revenue. Walmart isn’t the first national retail chain to cut cigarette sales, even on a trial basis, but it’s the biggest. Target ended cigarette sales in 1996. CVS Health did the same in 2014.
Three awards are presented each year to recognize artists from the Northwest Minnesota Arts Council’s Seven Counties region. Ross Hier of Crookston will receive the North West Artist of the Year Award for Visual Arts. Philip McKenzie of Thief River Falls will receive the Northwest Arts Advocate of the Year award. LaVonne Forsberg of Thief River Falls will receive the Northwest Star Award. These prizes will be awarded on April 27.