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Kristin Syverson

DCN hires Syverson as CFO

FARGO • Dakota Carrier Network has hired Kristin Syverson as its new chief financial officer.

Syverson’s background includes finance, marketing, and operations in the manufacturing, engineering and nonprofit sectors. These combined with a decade of CFO experience have made her into a leader with strong analytical, change management, and strategic planning skills that will help DCN thrive, the company said in a news release.

“The CFO is an integral part of the DCN executive team, accountable for a comprehensive set of financial responsibilities. The CFO establishes and maintains the company’s financial policies and procedures, providing operational and administrative direction for accounting, budgeting, purchasing, billing, collections and cash management,” the release said. “As CFO, Syverson is also responsible for ensuring soundness of the company’s financial structure and managing

Christina Thompson

Dan Staller

DCN’s relationships with financial institutions and governmental agencies.”

She will be based out of corporate headquarters in Fargo.

Syverson earned a bachelor’s degree in business management from the University of North Dakota and a Master of Business Administration from University of Phoenix. In 2016, she was named to the Prairie Business magazine annual 40 Under 40 list.

“Kristin will assume the CFO role from Jim Laske, who has been with DCN since 2001,” said DCN CEO Seth Arndorfer. “We are extremely grateful for Jim’s 21 years of financial leadership. While Kristin has big shoes to fill, we’re confident that her experience with finance and accounting along with complementary experience in operations, supply chain, and marketing will allow her to hit the ground running and provide DCN with sound financial leadership.”

Essentia Health-45th Street clinic adds new family medicine specialist

FARGO • Christina Thompson, an advanced practice registered nurse and certified nurse practitioner specializing in family medicine, will be joining the Essentia Health-45th Street Clinic, according to a news release from Essentia.

“I have heard nothing but positive things about Essentia Health from both a provider and patient standpoint, and that’s what made it easy to make Essentia a priority when applying for APRN jobs,” said Thompson. “Although a larger health care provider in

Staller joins Cornerstone Bank

MOORHEAD • Dan Staller has joined Cornerstone Bank as senior vice president/chief banking officer in Fargo with more than 28 years of banking experience, the company recently announced. In addition to his experience as chief banking officer, Staller has also previously held the roles of market president, business banker, and business banking manager.

A graduate of Minnesota State University Moorhead, Staller also holds a degree from the Graduate School of Banking. He has served on numerous nonprofit and community boards.

our region, they still provide care that feels ‘small town’. Having grown up in rural northwestern Minnesota, I have always been drawn to keeping that same feel and want to also practice that way.”

Thompson received her medical education from the University of North Dakota in Grand Forks. She is certified by the American Academy of Nurse Practitioners. To schedule an appointment with Thompson, please call (701) 364-8900. To see her full profile, you can visit EssentiaHealth.org and click on “Doctors & Providers.”

American Woods announces new general manager

GRAND FORKS • Zach Hayes has been promoted to general manager at American Woods in Grand Forks, the company recently announced.

Zach Hayes

He started as an intern at American Woods in May 2016 and was promoted to a full-time engineer with the company in January 2017. He was again promoted April 2020 holding the position of production manager, the release said. He was named general manager in November.

Unemployed People Per Opening

There were 10.8 million job openings on the last business day of January 2023, while the number of unemployed was 5.7 million in January, according to the Bureau of Labor Statistics. This yielded a ratio of unemployed people to job openings of 0.5 for January. The number of unemployed people per job opening has been 0.9 or lower since May 2021, the BLS said. The Bureau of Labor Statistics says “the ratio of unemployed people to job openings ranged from 0.8 to 1.0 during 2018 and 2019.” Over the past five years, the number of unemployed people per job opening reached a high of 4.9 in April 2020, when there were 23.1 million unemployed people and 4.7 million job openings, the BLS said. Since October 2021, the ratio has been 0.5 or 0.6 every month.

bythenumbers APRIL 2023 VOL 24 ISSUE 4 SPONSORED BY

Wages And Salaries

The BLS Employment Cost Index (ECI) tracks changes in employer costs for wages and salaries and employee benefits. Wages and Salaries Benefits

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Consumer Price Index

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The consumer price index for All Urban Consumers rose 0.4 percent in February on a seasonally adjusted basis, after increasing 0.5 percent in January, the U.S. Bureau of Labor Statistics reported in mid-March. Over the last year, the all items index increased 6% before seasonal adjustment. The index for shelter was the largest contributor to the monthly all items increase, accounting for more than 70% of the increase, with the indexes for food, recreation, and household furnishings and operations also contributing, BLS said in a news release. The food index increased 0.4% over the month with the food at home index rising 0.3%. The energy index decreased 0.6% over the month as the natural gas and fuel oil indexes both declined.

Source: Bureau of Labor Statistics

Source: Bureau of Labor Statistics

Employer Compensation Costs

Source: Bureau of Labor Statistics

Compensation category 2.0

The Bureau of Labor Statistics surveyed a sample of employers in March, June, September, and December in order to update their costs for the wages, salaries, and benefits of a fixed group of occupations, according to its website. BLS captures the costs of five broad categories of benefits and 18 specific benefits for each surveyed occupation. The chart shows the share of total costs attributed to wages and salaries and each category of benefits in March 2022. Insurance made up 7.6% of private employer compensation costs, with the largest portion of that going toward health insurance.

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6.0 JAN 2018 JAN 2020 JAN 2022 JAN 2019 JAN 2021 JAN 2023 0.0

8.0 ALL ITEMS ENERGY FOOD ALL ITEMS LESS FOOD AND ENERGY

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AssistingnewandexpandingbusinessesinNorthDakota.

FindoutmoreatNDgov.link/Finance

AssistingnewandexpandingbusinessesinNorthDakota. FindoutmoreatNDgov.link/Finance