FacebookLinkedInRssXYouTube

Economy

Demystifying global markets and personal finance. Get practical insights on inflation, budgeting, and wealth-building to navigate today’s financial landscape with confidence.

Are Rural Michigan Residents Better Off Than Two Years Ago? Farm Profits, Household Income and Living Costs Tell Different Storie

PART 2 | MICHIGAN ECONOMIC REALITY CHECK: 2024–2026 New agricultural data show improving profits for some Michigan farms, while rural household income figures reveal financial challenges that statewide economic statistics can obscure. LANSING — A farmer in Michigan's Thumb, a factory worker in northern Michigan and a technology employee in Ann Arbor may have very

By |2026-10-25T14:33:05-04:00October 25th, 2026|Economy, Featured|
Read More

Are You Better Off in Michigan Than Two Years Ago? Jobs, Inflation and Stock Market Tell Different Stories

PART 1 | MICHIGAN ECONOMIC REALITY CHECK: 2024–2026 With early in-person voting underway, Michigan residents are comparing their finances with October 2024. Economic data reveal different experiences for workers, investors, homeowners and retirees. LANSING — Michigan residents have been casting absentee ballots for weeks, and statewide early in-person voting began October 24. With the November

By |2026-10-25T14:20:21-04:00October 25th, 2026|Economy, Featured|
Read More

U.S.-Made Auto Sales Plunge In Canada: Are Michigan Jobs And Detroit Automakers At Risk?

American-built vehicles lose Canadian market share to Mexico and Japan as Trump threatens 50% tariffs on Canadian autos and parts beginning January 2027. DETROIT — Vehicles built in the United States are losing ground rapidly in Canada, raising new concerns about Michigan automotive jobs, the future of Detroit's three major automakers and the economic consequences

By |2026-10-23T10:16:38-04:00October 23rd, 2026|Auto Tech, Economy|
Read More

Michigan Economy Shows Warning Signs As Workforces Shrink, Manufacturing Costs Surge

October economic report finds conflicting trends across five Michigan regions as industrial inflation rises, workforce estimates decline and businesses continue investing. LANSING — Michigan enters the final quarter of 2026 with conflicting economic signals: The state's labor force has shrunk by 158,000 people over the past year, unemployment has climbed to 5%, and manufacturers face

By |2026-10-19T14:24:26-04:00October 13th, 2026|Economy, Featured|
Read More

Major Medicaid Changes Hit After Midterms — What Michigan Seniors Need To Know

Michigan voters will cast ballots Nov. 3 before some of the biggest Medicaid changes take effect. With three in five Michigan nursing-home residents already relying on Medicaid, here's what seniors and their families need to know before Election Day. LANSING -  Michigan voters will cast ballots Nov. 3 before some of the biggest Medicaid changes

By |2026-10-06T16:27:58-04:00October 6th, 2026|Economy, Featured, Government/Politics, Life Sciences, Politics, Politics/Government|
Read More

U.S. Hiring Slows Sharply As Michigan Faces Higher Unemployment

WASHINGTON — A sharp slowdown in U.S. hiring could be particularly troubling for Michigan, where unemployment already stands at 5.0 percent — well above the national rate — and the state lost 25,000 employed workers in August. The U.S. economy added just 29,000 jobs in September, while the national unemployment rate increased to 4.2 percent,

By |2026-10-02T09:48:20-04:00October 2nd, 2026|Economy|
Read More

Trump Escalates Canada Trade War — Michigan Auto Jobs, Suppliers Face Growing Risk

More than 1.2 million Michigan jobs are directly or indirectly tied to the state’s automotive and mobility industry. Now President Donald Trump’s escalating trade confrontation with Canada is creating new uncertainty for the deeply integrated Michigan-Ontario manufacturing economy — with auto industry leaders warning of supply-chain disruption, financial strain and risks to jobs. DETROIT —

By |2026-09-30T10:58:36-04:00September 30th, 2026|Economy, Featured, News|
Read More

Michigan Communities Move To Rein In Data Centers Before Big Tech Comes Calling

Michigan wants billions of dollars in AI data center investment, but local communities increasingly want rules covering electricity, water, noise and infrastructure costs before Big Tech comes knocking. Saginaw could become the latest city to act Monday. SAGINAW — Michigan communities increasingly aren't waiting for massive data centers to arrive before deciding how they should

By |2026-09-27T10:53:08-04:00September 27th, 2026|Artificial Intelligence, Economy, Government/Politics, Politics, Politics/Government|
Read More

Michigan Economy Checkup: Jobs Slip Statewide While West Michigan Manufacturing Holds Strong

ANN ARBOR - Michigan lost 25,000 employed workers in August, its unemployment rate climbed to 5%, and manufacturing payrolls declined. But West Michigan manufacturers continue to report surprisingly strong business conditions — another sign that Michigan increasingly looks like several different regional economies. Michigan's seasonally adjusted unemployment rate increased from 4.9% in July to 5.0%

By |2026-09-17T12:07:42-04:00September 17th, 2026|Economy, Government/Politics, Politics, Politics/Government|
Read More

Fed Raises Rates: Michigan Jobs, Auto Sales And Economy Face New Pressure

ANN ARBOR - Michigan jobs, auto sales, home purchases and business investment face new pressure after the Federal Reserve raised interest rates Wednesday, making borrowing more expensive at a time when the state's economy is already growing slowly. For Michigan families and businesses, the impact can be measured in monthly payments. A $40,000 five-year auto

By |2026-09-16T15:14:50-04:00September 16th, 2026|Economy|
Read More