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ECONOMY

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A rail strike could freeze almost 30% of cargo shipments, stoke inflation and cost the American economy as much as $2 billion per day.
The state’s October unemployment rate rose slightly to 2.1%, from 2% in September. The rate remains historically low.
From the commentary: But dissatisfaction with the national economy? Unlike elections more than a century ago, that’s no longer likely to make a big difference in the final winners.
Minnesota’s September unemployment rate remained low at 2%, up one-tenth of a point from August and compared with a national rate of 3.5%.
Minnesota’s labor force participation rate — measuring the amount of people working or actively seeking work — dropped two-tenths of a percentage point to 68.2%.
The TEENS Act would expand workable hours for affected teenagers to span from 7 a.m. until 9 p.m., as well as increase the number of workable hours during a school week to 24.

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As Minnesota's territorial population exploded in the mid-1800s, workers began organizing and unionizing to fight for their rights, though it sometimes turned deadly.
New job numbers from the Minnesota Department of Employment and Economic Development show seasonally-adjusted unemployment held at 1.8% in July, holding at an all-time low reached in June.
From the editorial: Employers should keep in mind that the time and cost of recruiting new employees has more downside than keeping their good workers.

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