Sales of previously occupied U.S. homes fell for the eighth straight month in September, matching the pre-pandemic sales pace a decade ago. market. The national median home price rose to $384,800 in September, up 8.4% from the same period last year.
The number of Americans filing for unemployment benefits fell last week and remains historically low even as the U.S. economy slows in the midst of decades of high inflation. Jobless claims for the week ending October 15 fell by 12,000 to 214,000 from 226,000 last week. The Labor Department reported that the four-week moving average rose by 1,250 to 212,250.
North Dakota’s unemployment rate fell to 1.7% in September. Last month he was 2.2% and a year ago he was 2.6%. Although the numbers are small, a total of 6,805 residents were looking for work that month. North Dakota typically sees a decline in unemployment in August and September.
Much has been said about labor shortages in North Dakota and Minnesota, but new research suggests the two states are attracting more labor than many others It has been. An analysis by financial website WalletHub ranks the job opening rates of 50 states and the District of Columbia. The survey ranks him 26th where employers have the hardest time hiring. North Dakota is her 40th. Here is the research link: https://wallethub.com/edu/states-employers-hiring/101730.
Minnesota wages grew even faster in September than in August, up 5.7% overall, but still slower than inflation, with September’s CPI at 8.2%. His teenage (ages 16-19) labor force participation rate (12-month moving average) was 53% in September, up over the past two years. The teenage unemployment rate is also very low at 6.2% for him, and workers in this group are in demand to fill jobs that are becoming more difficult for employers to find adults in a very tight labor market. indicates that it may be useful for
Grand Forks got $2.83 million from local sales taxes in October. The latest checks push him up to just under $26 million year-to-date. This is his 9.7% increase from a year ago. The most recent tally was an all-time high of eight. The ¼% restaurant/accommodation component of the tax has increased by almost 16% over the year.
East Grand Forks businesses can share more than $421,000 to help repair or refurbish property and related site equipment under programs administered by the Northwest Minnesota Foundation. Grants can cover up to 30% of project costs. Refurbishment or construction must begin by January 5, 2024 and be completed by June 30, 2026. The application deadline is December 20th.
North Dakota’s eight commercial service airports recorded a total of 84,925 air passenger boardings during September. This is a 13% increase from his 74,943 boarding in September 2021. It is also just 5% below the pre-pandemic passenger count of 89,925 in September 2019. GFK had 6,081 passengers through its gates last month. Annual load factor at Grand Forks is up nearly 31%.
The Grand Forks County Commission has approved bids for two Grand Sky construction projects. Taxiway apron repairs and a small drone operations pad for his UAS test flights will together cost $2.52 million. RJ Zavoral & Sons submitted low bids for both projects.
Bill Adams has joined Grand Forks Region Economic Development Corporation (EDC) as an Unmanned and Autonomous Systems (UAS) Development Officer. Adams implements strategies to support first-tier business adoption and expansion in the aerospace sector. Adams recently graduated from the University of North Dakota in May 2022 with a Bachelor of Science in Aeronautics in Unmanned Aircraft Systems with a focus on Aviation Safety.
With winter approaching, energy costs rising, and fuel supplies tight, families are anxiously awaiting. Some worry whether heating assistance programs are enough for struggling families. Last month, Congress added his $1 billion to the Low-Income Home Energy Assistance Program, bringing the total to at least $4.8 billion. A federally funded low-income program helped her 14,430 eligible households in North Dakota last season.
Starbucks sells its Seattle’s Best Coffee brand to Nestlé for an undisclosed amount. The company says the acquisition of Seattle’s Best will give customers more choice. Nestle also owns Nescafe, Nespresso and Blue Bottle his coffee brands. Starbucks made Seattle’s Best Coffee a lower-priced brand in 2003, when he bought it for $72 million. But Starbucks is now focusing on costly refurbishments of its U.S. stores.
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