Finance & Commerce

The Associated Press May 7, 2020 1:50 pm


A man walks through the 5th Street Arcade, a selection of indoor shops closed during the pandemic, May 7, 2020, in Cleveland. (AP Photo/Tony Dejak)

Nearly 3.2 million laid-off workers applied for unemployment benefits last week.

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In this May 2, 2020 file photo, amid concerns of the spread of COVID-19, a mannequin displays fashion masks for shoppers the buy at the Highland Park Village shopping center in Dallas. (AP Photo/LM Otero, File)

Experts say it is impossible to calculate just how many jobs might come back as states consider lifting shelter-in-place rules.

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Treasury Secretary Steve Mnuchin joins President Donald Trump at a coronavirus briefing March 17 at the White House in Washington. The embattled small business lending program at the center of the Trump administration’s economic rescue is running into a new set of challenges, one that threatens to saddle borrowers with huge debt loads, as banks begin the tricky task of proving the loans they extended actually met the government’s strict and shifting terms. (New York Times file photo)

The small business lending program at the center of the Trump administration’s economic rescue is running into challenges.

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Minneapolis Federal Reserve president Neel Kashkari said Thursday that it would take time to rebuild confidence among consumers that it was safe to go out and spend money on things like going to a movie. This Oct. 10, 2019, photo shows Kashkari at the Yahoo Finance All Markets Summit at Union West in New York. (AP file photo)

Federal Reserve Bank of Minneapolis President Neel Kashkari says the coronavirus will inflict “devastating” levels of unemployment.

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A man walks by a closed store April 30 during the COVID-19 shutdown in Chicago. Companies are still cutting jobs in the midst of a severe downturn, with the economy possibly shrinking at an unheard-of 40% annual rate in the April-June quarter. (AP file photo)

With the economy paralyzed by business closures, the unemployment rate likely jumped to at least 16%.

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The former Harvest States Cooperative grain elevator at 3333 41st St. NE. in Minneapolis has sat vacant or been used for cold storage for more than a decade. Now owner MLJ Enterprises is working on plans to convert the historic property into a brewery and series of commercial artist/maker spaces. (Submitted photo: CoStar Group)

Another long-vacant grain silo along Minneapolis’ Hiawatha Avenue is moving toward redevelopment.

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Many current building inspectors in Minnesota are nearing retirement and young people aren’t stepping forward to fill those positions. (Deposit Photos)

Cities struggling to find qualified building officials.

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In this Feb. 14, 2018, file photo the logo for Alphabet appears on a screen at the Nasdaq MarketSite in New York.  (AP Photo/Richard Drew, File)

On the day tech workers finally do go back, the first change many will notice is on their morning commute.

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