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It seemed like companies couldn’t hire information technology analysts fast enough in 2014 when Michael Deneen began his IT career. Job counts nationally soared in the 2010s and early 2020s, but then the market flattened and a profession that looked like it might grow uninterrupted started shedding jobs. Laid off twice this year from Minnesota IT jobs, Deneen said he’s found it hard to snag the next gig. “Before I could have three, four offers lined up and would have to choose between them,” the Columbia Heights man said. “It’s like I’m struggling to even get a foot in the door in places that I’m more than qualified for.” ADVERTISEMENT Even with the state’s relatively low 3.5 percen t unemployment rate, some mid-career Minnesotans and those just coming out of college are seeing a job market now that worries them. Recent layoffs at Cargill in the Twin Cities and last week’s announcement that Arctic Cat, the Minnesota snowmobile maker, will shutter its manufacturing operations next year in Thief River Falls and St. Cloud, have added to the anxiety. Analysts say Minnesota’s job market remains robust, but for some there’s a skills matchup problem as some sectors grow while others flatten or decline. “I’m not gonna lie, it’s been hard,” Deneen said of finding the next IT job. “I’ve had a lot of self-doubt now, like questioning is this really an industry I am good at? Is this something I should even be in anymore? I’m also 40. It’s like, I can’t really switch careers at this point.” Health care, government, leisure and hospitality and transportation are among the Minnesota sectors that continue to show strong job growth, according to state data. Other industries are growing slower, including construction and manufacturing. “We’ve heard from some folks that maybe it has taken a little longer than what they remember in the past if they were previously unemployed. Some individuals don’t say that at all,” said Sara Garbe, workforce development supervisor at the Minnesota Department of Employment and Economic Development. “November and reaching December, we certainly see a slowdown of hiring and folks may mention things like that they’ve heard from recruiters that maybe a decision won’t be made until after the holidays or after the first or the last quarter of the year,” added Garbe, whose staff works with new job seekers and those in mid-career. For recent college grads who haven’t landed work, the holiday season can bring its own pressures. ADVERTISEMENT Raina Hofstede, 22, studied English at Harvard University. Since graduating in May and coming back to Minnesota, she said job prospects have been nearly nonexistent. “I feel kind of directionless in the time period that I’m waiting,” said Hofstede, who grew up in Coon Rapids. “I feel like I really want to plan. I’m at a point where, like, I’d love to get things moving.” She’s applied to post-undergrad internships and career-advancing work. She’s looking into publishing, creative writing spaces and museums and hopes a stint working in comedy clubs while at Harvard might intrigue an employer. The search and the uncertainty around it is a grind, she acknowledged. “I think, as time goes on, and this feels sad, but I think as time goes on, my belief in myself slowly drops a little bit more with more rejections, and so I feel like I’ll be applying to less and less competitive things as I move forward,” Hofstede said. ' Minnesota showed strong steady job growth coming out of the Great Recession in 2009, reaching nearly 3 million jobs by February 2020. The COVID-19 pandemic torpedoed that growth — the state lost more than 400,000 jobs, nearly 14 percent of its employment, in the span of a few months. Job counts didn’t return permanently to pre-pandemic levels until September last year. The current state and national unemployment rates are relatively low, although they have ticked up over the past year. Minnesota’s unemployment rate is lower than the U.S. unemployment rate at 4.2 percent. Based on the most recent data, Minnesota has six unemployed people for every 10 job openings where nationally there are nine unemployed people for every 10 openings. ADVERTISEMENT Knowing that doesn’t make it easier for those looking for work, waiting for answers from prospective employers. “It just kind of feels like they have no respect for a candidate or their time, or them as a person,” Deneen said of the current market. “It’s an entire game, and it shouldn’t be this way.” Garbe said technology is transforming job searches in ways that may make landing work more challenging for some in mid-career or just starting out. Companies are using automated systems or in some cases artificial intelligence systems to screen applicants before a human gets to them. She encourages job seekers to reach out to one of DEED’s more than 50 CareerForce offices across the state where analysts can review resumes or cover letters with job seekers and offer help with writing and strategy. They can also connect people to needed training or certifications. Garbe also suggests reflecting on what you’ve accomplished to boost your self-confidence if you get overwhelmed. Social media has become a resource for job seekers as they look. Groups on Reddit like r/StudentJobSearch have become a space for venting and advice with conversations about job searching and applications. LinkedIn is also seeing similar support groups, including two Deneen is in that focus on networking and project management. ADVERTISEMENT Hofstede said she’s found solace leaning on those around her who are going through these same experiences. She and a group of new graduates meet at their public library to sift through job postings and work on cover letters and resumes together. “Something of a little community of people who are unemployed and looking for jobs, and I like having the friends support,” she said. “It is harder to go through something uncertain like this alone.”
Anexo Group (LON:ANX) Trading Down 2.9% – Should You Sell?KKR Real Estate Finance Trust Inc. ( NYSE:KREF – Get Free Report ) declared a quarterly dividend on Thursday, December 12th, NASDAQ Dividends reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.25 per share on Wednesday, January 15th. This represents a $1.00 annualized dividend and a dividend yield of 9.73%. The ex-dividend date is Tuesday, December 31st. KKR Real Estate Finance Trust has a dividend payout ratio of 89.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect KKR Real Estate Finance Trust to earn $1.19 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 84.0%. KKR Real Estate Finance Trust Price Performance NYSE KREF opened at $10.28 on Friday. The company has a debt-to-equity ratio of 3.75, a quick ratio of 277.63 and a current ratio of 277.63. The stock has a market cap of $715.21 million, a price-to-earnings ratio of -34.27 and a beta of 0.98. The business has a 50 day simple moving average of $11.40 and a 200 day simple moving average of $11.15. KKR Real Estate Finance Trust has a 52-week low of $8.71 and a 52-week high of $13.65. Analyst Ratings Changes Several research analysts have recently weighed in on the company. Raymond James reduced their price objective on KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their price objective on shares of KKR Real Estate Finance Trust from $12.00 to $11.50 and set an “overweight” rating on the stock in a report on Monday, December 9th. Wells Fargo & Company increased their target price on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an “overweight” rating in a report on Friday, September 20th. JMP Securities lifted their price target on shares of KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods raised shares of KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $11.50 to $13.00 in a research report on Thursday, September 5th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, KKR Real Estate Finance Trust presently has an average rating of “Buy” and a consensus target price of $12.75. View Our Latest Analysis on KREF About KKR Real Estate Finance Trust ( Get Free Report ) KKR Real Estate Finance Trust Inc, a mortgage real estate investment trust, focuses primarily on originating and acquiring transitional senior loans secured by commercial real estate (CRE) assets. It engages in the origination and purchase of credit investments related to CRE, including leveraged and unleveraged commercial real estate loans. Further Reading Receive News & Ratings for KKR Real Estate Finance Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KKR Real Estate Finance Trust and related companies with MarketBeat.com's FREE daily email newsletter .
Social media users are misrepresenting a report released Thursday by the Justice Department inspector general's office, falsely claiming that it's proof the FBI orchestrated the Capitol riot on Jan. 6, 2021. The watchdog report examined a number of areas, including whether major intelligence failures preceded the riot and whether the FBI in some way provoked the violence. Claims spreading online focus on the report's finding that 26 FBI informants were in Washington for election-related protests on Jan. 6, including three who had been tasked with traveling to the city to report on others who were potentially planning to attend the events. Although 17 of those informants either entered the Capitol or a restricted area around the building during the riot, none of the 26 total informants were authorized to do so by the bureau, according to the report. Nor were they authorized to otherwise break the law or encourage others to do so. Here's a closer look at the facts. CLAIM: A December 2024 report released by the Department of Justice's Office of the Inspector General is proof that the Jan. 6 Capitol riot was a setup by the FBI. THE FACTS: That's false. The report found that no undercover FBI employees were at the riot on Jan. 6 and that none of the bureau's informants were authorized to participate. Informants, also known as confidential human sources, work with the FBI to provide information, but are not on the bureau’s payroll. Undercover agents are employed by the FBI. According to the report, 26 informants were in Washington on Jan. 6 in connection with the day's events. FBI field offices only informed the Washington Field Office or FBI headquarters of five informants that were to be in the field on Jan. 6. Of the total 26 informants, four entered the Capitol during the riot and an additional 13 entered a restricted area around the Capitol. But none were authorized to do so by the FBI, nor were they given permission to break other laws or encourage others to do the same. The remaining nine informants did not engage in any illegal activities. None of the 17 informants who entered the Capitol or surrounding restricted area have been prosecuted, the report says. A footnote states that after reviewing a draft of the report, the U.S. attorney's office in Washington said that it “generally has not charged those individuals whose only crime on January 6, 2021 was to enter restricted grounds surrounding the Capitol, which has resulted in the Office declining to charge hundreds of individuals; and we have treated the CHSs consistent with this approach.” The assistant special agent in charge of the Washington Field Office's counterterrorism division told the inspector general's office that he “denied a request from an FBI office to have an undercover employee engage in investigative activity on January 6.” He, along with then-Washington Field Office Assistant Director in Charge Steven D'Antuono, said that FBI policy prohibits undercover employees at First Amendment-protected events without investigative authority. Many social media users drew false conclusions from the report's findings. “JANUARY 6th WAS A SETUP!" reads one X post that had received more than 11,400 likes and shares as of Friday. “New inspector general report shows that 26 FBI/DOJ confidential sources were in the crowd on January 6th, and some of them went into the Capitol and restricted areas. Is it a coincidence that Wray put in his resignation notice yesterday? TREASON!” The mention of Wray's resignation refers to FBI Director Christopher Wray's announcement Wednesday that he plans to resign at the end of President Joe Biden's term in January. Other users highlighted the fact that there were 26 FBI informants in Washington on Jan. 6, but omitted key information about the findings of the report. These claims echo a fringe conspiracy theory advanced by some Republicans in Congress that the FBI played a role in instigating the events of Jan. 6, 2021, when rioters determined to overturn Republican Donald Trump's 2020 election loss to Democrat Joe Biden stormed the Capitol in a violent clash with police. The report knocks that theory down. Wray called such theories “ludicrous” at a congressional hearing last year. Asked for comment on the false claims spreading online, Stephanie Logan, a spokesperson for the inspector general’s office, pointed The Associated Press to a press release about the report. In addition to its findings about the the FBI's involvement on Jan. 6, the report said that the FBI, in an action its now-deputy director described as a “basic step that was missed,” failed to canvass informants across all 56 of its field offices for any relevant intelligence ahead of time. That was a step, the report concluded, “that could have helped the FBI and its law enforcement partners with their preparations in advance of January 6.” However, it did credit the bureau for preparing for the possibility of violence and for trying to identify known “domestic terrorism subjects” who planned to come to Washington that day. The FBI said in a letter responding to the report that it accepts the inspection general’s recommendation “regarding potential process improvements for future events.” — Find AP Fact Checks here: https://apnews.com/APFactCheck .