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COVID-19 and the Economy

What you need to know about the COVID-19 pandemic's effects on America's economy, and what it means for your finances.

Minnesota Dry Cleaners Association: Revenue is down more than 60 percent because of pandemic 

Minnesota Dry Cleaners Association: Revenue is down more than 60 percent because of pandemic 

Inside St. Croix Dry Cleaners, owner Dave Nemec stood in front of hanging rails used for clothes that have been freshly cleaned and pressed.

December 13, 2020 7:22pm CST
Liquor license suspended after East Grand Forks bar continues violating order

Liquor license suspended after East Grand Forks bar continues violating order

A bar in East Grand Forks, Minnesota had its liquor license suspended after the bar continued violating the governor's executive order despite a citation and restraining order.

December 13, 2020 12:06pm CST
Live events industry lost $30B due to COVID-19 pandemic, Pollstar says

Live events industry lost $30B due to COVID-19 pandemic, Pollstar says

Pollstar on Friday released its year-end report, explaining that the live events industry should have hit a record-setting $12.2 billion this year, but instead it incurred $9.7 billion in losses.

December 11, 2020 5:41pm CST
Uptown business owners launch GoFundMe as pandemic continues to slow sales

Uptown business owners launch GoFundMe as pandemic continues to slow sales

While businesses wait to find out if they’ll be getting help, many are relying on their communities for support more than ever.

December 10, 2020 10:38pm CST
House, Senate strike apparent deal on $216 million in business relief, not on unemployment benefits

House, Senate strike apparent deal on $216 million in business relief, not on unemployment benefits

Minnesota lawmakers have struck a deal to send $216 million in cash relief to businesses hit by the coronavirus pandemic and mandatory shutdowns, but there's no agreement to extend unemployment benefits to laid-off workers.

December 10, 2020 5:44pm CST
Unemployment claims jump to 853,000 amid resurgence of COVID-19

Unemployment claims jump to 853,000 amid resurgence of COVID-19

The number of people applying for unemployment aid jumped last week to 853,000, the most since September, evidence that some companies are cutting more jobs as new virus cases spiral higher.

December 10, 2020 2:24pm CST
After overwhelming response to plea for help, St. Paul restaurant gives back

After overwhelming response to plea for help, St. Paul restaurant gives back

After putting out a plea for help, a St. Paul restaurant is now hoping to give back.

December 9, 2020 7:10pm CST
Dozens of Minnesota business owners release video testimonials asking for financial relief

Dozens of Minnesota business owners release video testimonials asking for financial relief

Hospitality Minnesota released video testimonials from owners and employees of businesses affected by the state’s latest COVID-19-related restrictions Wednesday as they urged legislators and the Governor to pass financial aid.

December 9, 2020 5:53pm CST
New White House offer adds $600 stimulus checks to COVID-19 relief

New White House offer adds $600 stimulus checks to COVID-19 relief

It proposes the $600 direct payment for individuals and $1,200 for couples, which is half the payment delivered by the March pandemic relief bill.

December 9, 2020 7:24am CST
US economy will return to pre-pandemic levels by second-half of 2021, experts predict

US economy will return to pre-pandemic levels by second-half of 2021, experts predict

The U.S. economy's growth is likely slowing as 2020 comes to a close, but a growing number of economists expect it to claw back to its pre-pandemic strength by the second half of next year.

December 7, 2020 6:37am CST
Hudson, Wis. mayor recommending a 10 p.m. curfew for bars, restaurants after deadly stabbing

Hudson, Wis. mayor recommending a 10 p.m. curfew for bars, restaurants after deadly stabbing

At a city council meeting on Monday, the mayor of Hudson, Wisconsin will recommend adopting a 10 p.m. curfew for bars and restaurants where many Minnesotans have been visiting since the latest COVID restrictions from Governor Walz.

December 6, 2020 9:42pm CST
As need increases during pandemic, nonprofit organizations struggling to find volunteers

As need increases during pandemic, nonprofit organizations struggling to find volunteers

Steven Seltz has rang the bell for The Salvation Army’s red kettle campaign for the last 30 years.

December 6, 2020 7:28pm CST
Country's oldest newspaper, Hartford Courant, closes newsroom amid COVID-19 pandemic

Country's oldest newspaper, Hartford Courant, closes newsroom amid COVID-19 pandemic

The Hartford Courant plans to close the newsroom and offices it has been operating out of since the mid-1940s by the end of the year.

December 5, 2020 11:59am CST
Employers add a modest 245,000 jobs in November as coronavirus pandemic intensifies

Employers add a modest 245,000 jobs in November as coronavirus pandemic intensifies

America’s employers scaled back their hiring last month as the viral pandemic accelerated across the country, adding 245,000 jobs, the fewest since April and the fifth straight monthly slowdown.

December 4, 2020 4:55pm CST
Unemployment claims remain high at 712,000 as COVID-19 pandemic escalates

Unemployment claims remain high at 712,000 as COVID-19 pandemic escalates

The number of Americans applying for unemployment benefits fell last week to a still-high 712,000, the latest sign that the U.S. economy and job market remain under stress from the intensified viral outbreak.

December 3, 2020 7:49am CST
Judge orders Plainview, Minn. gym to close after it remained open during COVID-19 pause

Judge orders Plainview, Minn. gym to close after it remained open during COVID-19 pause

A judge has ordered the owner of a gym in Plainview, Minnesota to close its doors after the owners remained open during a COVID-19 pause issued by Governor Walz.

December 2, 2020 3:36pm CST
Minnesota projects $641 million surplus, fueling talk of business relief

Minnesota projects $641 million surplus, fueling talk of business relief

Minnesota budget officials said Tuesday they expect a $641 million surplus between now and June, revising their earlier prediction of a $2.4 billion shortfall from the May report.

December 1, 2020 6:41pm CST
McConnell says 'no reason' coronavirus relief shouldn't pass by year's end

McConnell says 'no reason' coronavirus relief shouldn't pass by year's end

Lawmakers have just weeks to reach terms on an agreement before Congress adjourns for the year on Dec. 21.

December 1, 2020 6:25am CST
Coronavirus aid, federal funding remain unresolved as Congress returns

Coronavirus aid, federal funding remain unresolved as Congress returns

Congress is returning to Washington for one last attempt at deal-making this year.

November 30, 2020 1:09pm CST
Rep. Angie Craig stops by Burnsville brewery, urges for support for small businesses

Rep. Angie Craig stops by Burnsville brewery, urges for support for small businesses

As a new COVID-19 pause in Minnesota further complicates an already difficult year for business, elected officials are urging support for small businesses.

November 29, 2020 6:38am CST
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Minnesota family rallying to bring man home after fatally struck by lightning in Peru

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Kristi Noem claims '50%' of Minnesota visas are fraudulent

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Somalis who voted for Trump sharing their thoughts

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