Hires jumped in July, as US employers created 943,000 jobs. The unemployment rate has fallen to 5.4% as the US economy continues to rebound with surprising strength since the coronavirus shutdown last year. July’s figures beat economists’ forecasts for more than 860,000 new jobs. The hotels and restaurants, which are reopening and doing good business, created 327,000 jobs last month.
In the first quarter (January-March) of 2021, total employment in North Dakota declined 6.8% year-on-year to 386,037, a loss of 28,384 jobs. Of the top 20 industry categories, 19 reported employment declines during the year. The largest employment declines occurred in mining, quarrying, and oil and gas extraction (-7,553), accommodation and food services (-4,070) and construction (-3,217). Average weekly wages were 0.9 percent lower compared to the same quarter a year ago.
Things are looking up for owners of large apartment communities more than a year after the pandemic plunged the economy into recession and left millions of Americans unemployed. Rents are rising against a backdrop of strong demand as home prices in the United States continue to rise. At least one measure of rent collection shows that fewer tenants are not paying their rents on time, and although vacant units have not returned to pre-pandemic levels, they are in line with the 10-year average .
Mortgage rates were flat on falling this week, with the 30-year key mortgage average falling below 3% for the sixth week in a row. Uncertainty regarding the burgeoning variant of the delta coronavirus and its potential effect on the economic recovery in the United States has remained as a backdrop to the removal of mortgage rates. Mortgage buyer Freddie Mac reports that the average for the 30-year mortgage fell to 2.77% from 2.80% last week.
Home sales in Grand Forks / East Grand Forks edged down in July. A total of 90 single-family… townhouses… and condos swapped hands last month. This compares to 110 for the same month a year ago. The average selling price was $ 297,052.
Construction is underway for a daycare / preschool near the Grand Cities shopping center. The City of Grand Forks has issued a building permit in the amount of $ 898,796 for the 16,000 square foot center. Once completed, the Hopeful Beginnings daycare will accommodate up to 250 children. Grand Forks P&Z approved a site redesign last week.
The North Dakota Department of Social Services has selected Kay Larson to lead the department’s new early years division, which was created in July 2021 to align and focus programs and resources on a key department priority: experiences. from early childhood. Most recently, Larson was the Child Care Aware of North Dakota Team Leader from 2016-2021 for DHS and the Lutheran Social Services of North Dakota.
If all goes well, the Circle of Friends Humane Society hopes to complete work on their new operating room by October. Construction of the operating room began last week. A building permit filed with the Grand Forks Inspection Department suggests the development will cost around $ 566,280. The site is located at 4375 North Washington.
With a new school year on the horizon, parents and guardians are reminded to keep receipts on school supply purchases in order to claim valuable K-12 tax benefits when filing their tax returns. returned next year. Last year, more than 33,000 Minnesota families received the K-12 education credit and saved an average of $ 250. Almost 190,000 families have received the K-12 education subtraction.
The North Dakota University System has appointed David Krebsbach acting vice-chancellor for administrative affairs and chief financial officer. Krebsbach will assume the responsibilities of Acting Vice-Chancellor of the System for Administrative Affairs and Chief Financial Officer from August 16, 2021. Krebsbach has worked for NDUS since August 2016. In his current role he is responsible for all budgetary and fiscal matters . from the system desktop. Prior to working at NDUS, he was Financial Director for Job Service of North Dakota for eight years. He also has experience as a Controller and Senior Accountant. Krebsbach received a Bachelor of Business Administration in Accounting from the University of North Dakota, Grand Forks, North Dakota, and is a Chartered Accountant.
John Paczkowski will be appointed Interim State Engineer for the Department of Water Resources until the post is filled. Governor Burgum appointed Paczkowski as Acting State Engineer for the State Water Commission in April 2020. Paczkowski is a long-time employee of the agency and has served the State since 1991 in various facets, notably Deputy State Engineer, Director of the Regulatory Division and Project Manager for the Credit Division.
The Consumer Product Safety Commission says approximately 2 million dehumidifiers made by New Widetech are being recalled in the United States because they can overheat and catch fire, posing fire and burn hazards. New Widetech is aware of 107 incidents of overheating and / or fires of the recalled dehumidifiers, resulting in property damage of approximately $ 17 million. No injuries were reported.