layoffs

Data: Women, Black Minnesotans, young people are getting worst of pandemic economy

BY: - May 20, 2020

Women, Black people and young Minnesotans are suffering the worst of the economic fallout from the COVID-19 pandemic, according to an analysis of recent state unemployment data.  These workers are likely to feel long-term psychological and financial effects from unemployment, raising concerns that the current crisis could worsen Minnesota’s existing economic disparities. More than 650,000 […]

Amid allegations of favoritism to red states, Minnesota firms did well in scramble for federal money

BY: - May 13, 2020

More than 46,000 Minnesota businesses received a total of $9 billion in loans during the first round of federal small business coronavirus relief, a larger sum than most states.  The Paycheck Protection Program loans have been critical in helping businesses in Minnesota and across the country avoid layoffs during the COVID-19 crisis.  But the program […]

Analysis: Data show the crippling effects of the pandemic on small business

BY: - May 13, 2020

We know small businesses are getting hit hardest by the economic fallout from COVID-19.  How bad is it? We’re still a little in the dark because so many of these small companies have simply vanished. They are not responding to surveys as they usually would from governments, chambers of commerce and trade associations. But from […]