Kevin Austin, supply chain chief for Toyota Motor North America, attributed the price pressures in part to pent-up demand, which remains strong in the auto industry even as the economy has slowed.
Cal-Maine Foods, which controls 20% of the retail egg market, reported quarterly sales up 110% and gross profits up more than 600% over the same quarter in the prior fiscal year.
While Minnesota’s labor force grew slightly in the last month of 2022, the state lost jobs overall, according to the Department of Employment and Economic Development.
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%.
