Business News: Bonds…GF School Employment and Sports Betting

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Americans spent slightly more in July-August, despite sharp inflation in household necessities such as rent and food hitting household budgets. Last month US retail sales unexpectedly rose 0.3% from her 0.4% decline in July.

Much of the US economy is grappling with the highest inflation in 40 years and the threat of a potential recession. Companies that provide hotels, restaurants and other services are keeping their momentum going during the summer, according to the latest research from the Institute for Supply Management. The sector has been expanding since May, and August’s increase was the largest so far this year.

The number of Americans filing for unemployment benefits fell again last week to a four-month low, even as the Federal Reserve continues to cut interest rates aggressively to keep inflation in check. became. Applications for unemployment assistance for the week ending Sept. 10 fell by 5,000 to 213,000. The lowest since late May.

Minnesota’s unemployment rate rose a tenth of a percentage point to 1.9% in August, but remains at a historic low. On a seasonally adjusted basis, Minnesota lost her 3,100 jobs in August 2022, down 0.1% in July 2022 after adding 17,100 jobs (revised). Minnesota over the year she won 72,549 salaried jobs, an increase of 2.5%.

Grand Forks County has extended the auction date for its $35,000,000 bond until October 18th. The general sale was originally scheduled for September 19th. The funds will be used to finance the construction of prison expansions and juvenile detention projects. The date change will occur upon completion of the county audit.

The Grand Forks School District has a new Director of Human Resources. Griffin Gillespie is currently Director of Human Resources at the University of Minnesota Crookston. He will succeed Linsey Stadstad, who will retire on September 23. Three of his finalists were interviewed.

The Bismarck-based Mid-Dakota Clinic will become part of Essentia Health from October. Essentia serves North Dakota, Minnesota and Wisconsin. Bismarck has his eight clinics in Mid-Dakota. The two organizations he began talks with in June.

The North Dakota Department of Business and Tourism announced that the recently enhanced North Dakota Department of Tourism website has been recognized as a “Outstanding Website” redesign by the web marketing association WebAward. This enhancement resulted in a 25.6% increase in traffic and a record 2.15 million visits. Website visits are the greatest signal of travel intent.

The ND Lignite Energy Council has announced the addition of Retha Mattern as Director of Education and Membership. Mattern, she transferred from Bismarck State College, has previously held several positions, including director of admissions and outreach. Matern also served as a non-voting member of the North Dakota Higher Education Commission for three years, where she served.

FedEx is closing stores and corporate offices, while deferring new hiring in a tense situation created by job turnover in its global parcel delivery business. In response, it will cut costs by closing more than 90 FedEx offices and five of his corporate offices, delaying new hires and operating fewer flights.

Nissan recalls more than 203,000 pickup trucks in the US. The recall covers 2020-2023 Frontier and Titan pickups. Nissan says it is not aware of any crashes or injuries. The company is still working on repairs.

Nearly one in five US adults has bet money on sports in the past year, according to a new survey. According to a Pew Research Center report, he said 19% of surveyed adults bet on sports. The most common methods were betting with friends and family, including private he betting pools, fantasy leagues and casual betting. 15% say they bet this way. Only 8% said they actually bet on sports at a casino, racetrack or kiosk, while 6% did so online.

Oktoberfest is back in Germany after two years of pandemic cancellations. Energy, barley, hops, and even label paper and glue, case cardboard, and iron barrels all have higher prices, and record inflation has permeated Europe. With the brewing industry under increasing cost pressure, the price of a reveler’s oversized mug has jumped 15%.

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