ANN ARBOR - For Oakland County, most of the pandemic-fueled recession is in the rearview mirror, and its economy is expected to keep growing in most areas over the next few years, according to University of Michigan economists. Oakland, one of the state’s most populous counties and among the nation’s most prosperous, is back to
ANN ARBOR - Detroit is likely to experience falling unemployment, rising wages and an expanding labor force in the years ahead despite a slowing national economy and the lingering risk of a recession in the near term. The “cautiously optimistic” forecast comes courtesy of the Detroit Economic Outlook 2023-28, produced by the University of Michigan. The
GRAND RAPIDS - Despite showing some modest gains, the West Michigan economy continued its sluggish pace through November, according to a Grand Valley researcher and his monthly survey of local businesses and manufacturers. Brian Long, director of supply management research at GVSU’s Seidman College of Business, said while there have been upticks in key indices,
NEW YORK - Moderating inflation, a cooling jobs market, and a deteriorating outlook for consumer spending mean the Fed may need to cut interest rates more than the market expects. "We have modest growth and cooling inflation and a cooling labour market — exactly what the Fed wants to see," ING's chief international economist, James Knightley,
DETROIT – The Comerica Michigan Economic Activity Index jumped 7.9 percent annualized in the three months through May. The Index was still down 0.3 percent from a year earlier after declining in the second half of 2022. Six of the index’s nine components increased in April, while three fell. Overall, the Great Lake State’s labor
DETROIT – Michigan’s top executives have an improved outlook about Michigan’s economy, but continued concerns over the availability and quality of the state’s talent pool remain, according to Business Leaders for Michigan’s most recent quarterly economic outlook survey. The CEO survey, conducted July 10-28, found 74% of respondents expect Michigan’s economy to improve or remain
DETROIT – Michigan’s top executives say their economic outlook for both Michigan and the country has improved slightly, but the optimism is tempered by concerns about the state’s talent pool, according to Business Leaders for Michigan’s most recent quarterly economic outlook survey released today. A majority of the respondents, 54%, expect Michigan’s economy to remain
GRAND RAPIDS -- West Michigan manufacturers continue to signal a slowing economy as Grand Valley State University’s closely watched monthly purchasing managers survey showed continued softness and increased caution. “We are well aware that the office furniture business remains soft, and we had hoped that the pent-up demand in automotive would help keep the West
GRAND RAPIDS -- The “back-to-work euphoria” of January has faded and economic indicators edged back into negative territory in West Michigan during February, according to the latest survey from Grand Valley State University’s Seidman College of Business. GVSU Current Business Trends survey shows strength in automotive, weakness in more rate-sensitive sectors The Current Business Trends survey of
ANN ARBOR – The 25th season of the Washtenaw Economic Club will kick off March 14, with the much-anticipated 2023 economic outlook presented by University of Michigan faculty. Donald Grimes and Gabriel Ehrlich will present their annual forecast 11:30 a.m. to 1:30 p.m. at Washtenaw Community College (WCC), which sponsors the Washtenaw Economic Club. The
