DETROIT — Comerica Bank’s Michigan Economic Activity Index decreased in June to a level of 118.8. The index is comprised of nine variables — nonfarm payroll employment, continuing claims for unemployment insurance, housing starts, a house price index, industrial electricity sales, auto asemblies, total trade, hotel occupancy, and sales tax revenue. Bank officials said that in
Pictured above, Nezaa Bandele – Paradise Natural Foods. DETROIT – The public has spoken and Friday Hatch Detroit announced the four finalists who will advance to the final round of the 2018 Comerica Hatch Detroit Contest presented by Bedrock. These four entrepreneurs are competing to win $50,000 from Comerica Bank and more than $200,000 in pro
DETROIT - Comerica Bank’s Michigan Economic Activity Index was down slightly in December, by 0.1 percentage points, to a level of 129.7. The Michigan Economic Activity Index consists of eight variables: nonfarm payrolls, exports, hotel occupancy rates, continuing claims for unemployment insurance, housing starts, sales tax revenues, home prices, and auto production. All data are
DETROIT - THE U.S. unemployment rate in November dropped to its lowest level since August 2007, before the great recession began, to 4.6 percent, putting it within putting distance of the low for the previous cycle of 4.4., Comerica Bank reported. But expectations for the official payroll job numbers for November were boosted by a
DETROIT - The latest Comerica Bank’s Michigan Activity Index shows the state’s economy momentum, on the rise since February 2015, is starting to decline. The Index declined in January, falling 1.2 percentage points to a level of 126.5 from 127.6 in December. But the good news is January’s reading is 52 points, or 71 percent,
