GF Business News: mortgage rates… auto repair shops and Walmart phones


US employers created 559,000 jobs in May, an improvement from the slow gain in April, but still proof that many companies are struggling to find enough workers as the economy quickly recovers from the pandemic recession . Last month’s employment gain was higher than April’s revised total of 278,000. The unemployment rate fell from 6.1% to 5.8%. The speed of the rebound from the pandemic recession caught employers off guard and sparked a race to hire.

A new monthly survey shows the economy of nine Midwestern and Plains states remains strong following a devastating global pandemic, but the survey’s index measuring inflation has hit an all-time high. Creighton Mid-America University trading conditions for May released on Tuesday stood at 72.3, down slightly from April’s record high of 73.9. Any score above 50 on the survey indices suggests growth. The monthly survey covers Dakota and Minnesota.

Mortgage rates have remained stable at higher this week. The 30-year benchmark home loan has remained below the 3% mark amid continued positive indications of the economic recovery from the pandemic recession. Mortgage buyer Freddie Mac reports that the 30-year average rate rose to 2.99% from 2.95% last week. The rate on a 15-year loan was unchanged from last week at 2.27%.

The Labor Market Information Center has released the latest report on online job vacancies, a monthly summary of online job vacancies and active resumes from the Labor Exchange System. by Job Service North Dakota. North Dakota had a total of 17,938 open and available online job vacancies in May 2021, a change of + 9.4% (+1,542) from the previous month. There are 2,148 job openings in Region 4 which includes Grand Forks… Walsh… Nelson… and Pembina counties.

The Minnesota Department of Employment and Economic Development (DEED) reached out to unemployed residents to put them in touch with employers who are now hiring. Since March, staff have called more than 30,000 Minnesotans as part of the Good Jobs Now campaign who are currently receiving unemployment benefits.

About 450 Xcel Energy customers in the Mayville area are still without power due to an equipment problem at a substation. The outage was reported on Friday evening after thunderstorms hit the area. Company officials said about 1,600 households in Mayville and nearby Portland have been affected. Officials said power is expected to be restored to all customers on Sunday afternoon.

MDU Resources Group Inc., based in North Dakota, joined the Fortune 500 after a ten-year hiatus. The energy and construction company headquartered in Bismarck ranks 486th on the annual list of the country’s 500 largest publicly traded companies. MDU is the only North Dakota company on the list.

North Dakota DOT Director Bill Panos has been named president of the Western Association of State Highway Transportation Officials. Panos was previously vice-president of the association. The group provides a forum for the exchange of ideas between the different transport services.

Altru hopes to appoint a new CEO by the end of the year. The board announced this week that the research is officially underway. Interim CEO Dave Molmen will retain this role until a replacement is found.

Choice Health & Fitness and Altru have announced a partnership. Choice Health & Fitness’s performance improvement team and personal trainers will use the space at the Altru Performance Center to facilitate additional athletic development programming and training. Mike Orr, CEO of Choice Health & Fitness, said “The partnership allows us to continue our team-based approach to care for local athletes, through direct access to dietitians, physical therapists, athletic trainers, chiropractors and physicians. Selfless. ”

The Grand Forks Planning and Zoning Commission gave preliminary approval to a rezoning application for a parcel at 702 North Washington this week. The old used car lot is targeted for an auto repair shop. The change from limited business B-1 to general business B-3 has yet to be approved by the board.

The first phase of ND Rent Help was implemented this week and replaces the state’s Emergency Rent Bridge rental assistance program. According to the North Dakota Department of Social Services, the enhanced program can now help households with higher income levels and for a longer period. The program’s income eligibility has increased from 60% of the region’s median income (MAI) to 80% of the MAI, which equates to an annual income of up to $ 80,000 for a family of four.

Walmart is unveiling an app for its store workers’ phones that allows them to perform a variety of tasks, from digital clocking at work to helping locate merchandise and answering customer questions. It also has a push-to-talk function to communicate directly with colleagues. As part of the launch, the country’s largest private employer announced plans to provide more than 740,000 store workers with a new Samsung smartphone free of charge by the end of the year.

The Environmental Protection Agency (EPA) has approved an emergency Section 18 exemption request for Ultra Blazer®, giving North Dakota growers a new tool to combat hemp from glyphosate resistant water in sugar beets. Agriculture Commissioner Doug Goehring said. “This exemption gives producers a new product when early treatments are ineffective. The exemption allows application to sugar beet fields in Barnes, Cass, Cavalier, Grand Forks, Pembina, Ransom, Richland, Sargent, Steele, Traill and Walsh counties.

Amazon said on Wednesday it would hold its annual two-day Prime Day in June this year, the earliest ever for the sales event. Typically, Amazon hosts Prime Day in July. Last year, Amazon postponed Prime Day to October due to the pandemic and used the sales event to kick off holiday shopping earlier. This year Prime Day will be held from June 21 to 22.

The Minnesota State Community and Technical College has announced that UMN Crookston Program Director and Criminal Justice Faculty Dr. Matthew Loeslie will become the founding dean of the inaugural School of Applied Technology at the Minnesota State Community and Technical College. Loeslie will be based in Detroit Lakes, Minnesota, but will participate in several programs at M State campuses, including Detroit Lakes, Fergus Falls, Moorhead and Wadena.


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