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Sales of previously occupied US homes will plunge nearly 18% in 2022, the slowest year for the housing market in nearly a decade. According to the National Association of Realtors, existing home sales were 5.03 million last year, down 17.8% from 2021. This is the slowest year for home sales since 2014. Still, the median national home price for the entire past year jumped 10.2% for him. to $386,300.
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US wholesale prices rose 6.2% y/y in December, marking the sixth straight month of deceleration, a hopeful sign that inflationary pressures will continue to ease. His most recent year-over-year change is down from 7.3% in November, down from his recent peak of 11.7% in March.
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The number of people seeking unemployment benefits in the US hit a four-month low last week. This shows employers are holding back workers despite the Federal Reserve’s attempts to slow the economy and keep inflation under control. The Labor Department reports that the number of Americans who filed for unemployment assistance in the week ending Jan. 14 fell to 190,000 from 205,000 in the previous week to 15,000.
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The Labor Market Information Center has released the latest online job vacancies report from Job Service North Dakota’s labor exchange system. North Dakota had a total of 16,133 online job openings in December 2022, a change of +0.8% (+132) from the previous month and -5.5% (-940) from the same month one year ago. Grand Forks County lists the largest employment gaps: health care….transportation…sales…and education.
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The annual State of the Manufacturing Business Survey conducted by the Minnesota Department of Employment and Economic Development (DEED) and the Federal Reserve Bank of Minneapolis found that most Minnesota manufacturers expect little change in 2023. rice field. %, with nearly 40% expecting an increase in benefits of the same amount. Survey results show that most manufacturers show improved or unchanged conditions in 2022 compared to 2021.
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The North Dakota Homeless Continuum of Care will conduct a homeless point-in-time count on January 25th. The U.S. Department of Housing and Urban Development requires an annual count. According to the latest report, there are 610 homeless people in North Dakota, an increase of 11.3%. In Minnesota, the number exceeded 7,900.
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Passenger traffic through Grand Forks Airport hit a three-year high in 2022. GFK recorded a total of 87,491 passengers on board last year, an increase of 31% compared to 2021. Dakota is trailing Williston’s 42% rise. The growing aviation workforce includes vacancies for pilots, aircraft mechanics and unmanned aircraft operators.
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The North Dakota Department of Commerce has provided a $145,000 loan for Uncle Charlie’s Gourmet Snacks. The Fargo-based company is looking to expand its production capacity. The funds will be used for inventory, equipment purchases, and working capital.
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North Dakota Health and Human Services (HHS) has launched a new online licensing system for childcare providers. Modern online systems replace manual paper processes. Additionally, the system adds transparency. Both providers and consumers can view license status information, such as license checklists and correction orders, on the portal.
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Google has laid off 12,000 workers, saying it has become the latest tech company to cut staff as the economic boom the industry rode during the waning days of the COVID-19 pandemic subsides. Microsoft recently announced his 10,000 job cuts, representing nearly 5% of his workforce. Amazon announced earlier this month that it had cut 18,000 jobs.
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The USDA has issued new requirements for organic labeled foods. This is a move aimed at cracking down on fraud and increasing surveillance. This rule strengthens enforcement of the USDA’s strict organic definition, which requires that these foods be made from natural substances and biologically-based farming methods. The new rules will come into effect in March, and he will be given one year for businesses to comply with the requirements.
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