Affaires Magazine: Work…Ray Richards and Peanut Consolider

More Americans filed for unemployment benefits last week, but the total number of Americans receiving unemployment benefits is at its lowest level in 53 years. Jobless claims rose by 21,000 to 218,000. The total number of Americans receiving unemployment benefits for the week ended May 7 fell again from the previous week to 1,317,000. This is the smallest number since December 27, 1969.

Average rates on long-term mortgages in the US fell slightly last week, but interest on a key 30-year loan remains at a ten-year high. Mortgage loan buyer Freddie Mac said on Thursday that the 30-year rate fell to 5.25% from 5.3% last week. For comparison, a year ago the average rate was 3%.

The pandemic has greatly changed how Americans spend money, and now that they are returning to pre-pandemic behavior, they are again confusing retailers. That momentum has only intensified in recent months as inflation soared, and Target’s latest financial report highlights the problems. On Wednesday, Target said its profits fell 52% year-over-year as prices for things like fuel soar and consumers quickly return to more normal spending.

April’s unemployment rate in North Dakota was seasonally adjusted at 2.5 percent. The unemployment rate fell by 0.8 percentage points between March and April. The April 2021 rate was 1.7 percentage points higher than the current one. Last month, 10,243 North Dakotas were looking for work.

The unemployment rate in Minnesota fell three-tenths of a point to 2.2% in April from 2.5% in March. This is the lowest level ever recorded since such information began being reported back in 1976, according to data released today by the Minnesota Department of Employment and Economic Development (DEED).

North Dakota’s eight commercial airports saw a total of 76,553 airline passenger landings in April 2022. This is a 23% increase from the state’s 62,168 landings in April 2021. This is also about 17% less than in April 2019. the number of passengers before the pandemic was 92,063. Last month, 7,640 passengers passed through the gates of Grand Forks Airport.

A federal appeals court has ruled that details of some of the conversations between the country’s four largest railroads about their tariffs can now be included in laws challenging the billions of dollars they charge their customers. The ruling is likely to create additional arguments as Union Pacific, BNSF, Norfolk Southern and CSX railroads defend themselves against dozens of lawsuits accused of conspiring to inflate fares between 2003 and 2007 through coordinated fuel surcharges.

JM Smucker Co. recalls certain Jif® peanut butter products sold in the US due to potential salmonella pollution. The recalled peanut butter was distributed nationwide to retail stores and other outlets. The recalled products include the following products with batch codes 1274425-2140425. Lot codes are listed along with the expiration date.

Ford is asking owners of 350,000 vehicles to take them to dealers for repairs, including about 39,000 vehicles that must be parked outdoors because engines could catch fire. Ford says in released US government documents it does not know what is causing the fires in some 2021 Ford Expedition and Lincoln Navigator SUVs. The automaker is also recalling about 310,000 heavy-duty vehicles because the driver’s airbag may not deploy in a crash.

Harley-Davidson is announcing a two-week suspension of vehicle assembly and most deliveries, citing a regulatory compliance issue with one of its suppliers. Harley-Davidson says the decision was made “out of precaution” after the company received information from a supplier of one of its components. The company, like most global manufacturers, was already struggling with supply issues.

UND is negotiating with a private developer for 12 acres of unused land near the Ray Richards golf course. If the land lease becomes a reality, the proceeds will be used to support the course. UND officials said at a recent meeting of the SHBE Budget and Finance Committee that the family of the late Ray Richards supports the plan.

The selection committee is recommending that ICON Architects be fired to help develop the new Valley High School project. Three firms responded to the Grand Forks School District’s RFP. The county has targeted a September 27 election date for a $55 million bond issue for construction. The School Board will review the selection on Monday evening.

Altendorf Trucking received the Great West Casualty Company Safety Award. The program recognizes road carriers based on year-end preventable accident results. In 1948, Minto announced the opening of a trucking company. Altendorf received the “Gold” award from Great West.

The groundbreaking ceremony for the new West Fargo Fire Headquarters is scheduled for May 25. The total construction cost is $18.5 million. The station is expected to be completed in 2023. EAPC Architects and Engineers was chosen to design and build the building. The company is headquartered in Grand Forks.

Income requirements for the North Dakota Special Supplemental Nutrition Program for Women, Infants and Children (WIC) have been expanded. A family of four can earn up to $4,279 per month to meet the new WIC income requirements. WIC has been providing healthy eating, nutrition education and community support for over 40 years.

The Minnesota College and University Board of Regents has appointed Amy Jorgenson to the position of Chief Auditor. Since 2020, Jorgenson has been with the Minnesota Office of Management and Budget (MMB) as Director of the Accounts Office for COVID-19 Response. The appointment takes effect June 22.

Cody Schuler joined the North Dakota ACLU as Advocacy Manager. Schuler will oversee the organization’s legislative, public education, and advocacy activities, and will be responsible for developing themed campaigns to advance civil liberties and civil rights in North Dakota. Prior to joining the North Dakota ACLU, Shuler was Executive Director of the FM Coalition to End Homelessness.

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