B105 TODAYS BEST COUNTRY » Economy

Duluth Area Gains Over 2,000 Jobs In September

David Drew — Thu, 18 Oct 2012 20:21:27 +0000

Some good news for our local economy. While we generally see a boost in jobs in the month of September with the return of college students, the 1.8% increase in jobs recently is even higher than normal. The Northland’s NewsCenter is reporting that jobs numbers released on Thursday from the Minnesota Department of Employment and [...]

Relax! Predicted Bacon Shortage an Internet Hoax

Ken Hayes — Thu, 27 Sep 2012 14:31:45 +0000

Don’t worry, the bacon shortage predicted is hogwash. In the age where you can’t believe anything you hear now over the internet or social media, another hoax had us all fooled. It basically started with a press release that bacon prices may rise slightly: It all began, strangely enough, with a press release from an [...]

Still Living With Your Parents as an Adult? Well, You're Hurting the Economy

Shauna Wright — Fri, 18 Nov 2011 13:20:07 +0000

While many college grads are only too happy to fly their parents’ nest and get a place of their own, the dip in the economy has meant some can’t — or won’t — until they feel more financially able to do so comfortably. What does this mean for the economy? Unfortunately, nothing good.

Economic Woes Lead to More Men Becoming 'Mannies'

Shauna Wright — Tue, 01 Nov 2011 14:16:50 +0000

While child care-givers such as babysitters and nannies have traditionally been women, the recent dip in the economy lead some men into the profession as well.

Dubbed “mannies,” the guys are often unemployed teachers, daycare workers or fathers.

US Ready To Sue Bailed Out Banks Over Misleading Mortgages

Ken Hayes — Fri, 02 Sep 2011 15:42:26 +0000

Some of the banks and mortgage institutions are set to be sued by the US government over what basically started the recession and housing bubble burst. They are being accused of misleading mortgage securities with over inflated home buyer’s incomes and falsified information. When homeowners could no longer afford their mortgages, the financial institutions went [...]

Wall Street Rockets Higher As Wildest Week Since '08 Continues

David Drew — Thu, 11 Aug 2011 23:18:00 +0000

If the stock market were a person it would be a fearful, neurotic basket case that spent many nights alone eating yogurt in candlelight. It’s amazing the week it’s had when really not much has changed, other than panic levels. Lurching higher in its week of whiplash, Wall Street recorded one of its biggest gains [...]