WASHINGTON DC - New federal economic data released Thursday delivered a troubling combination for the U.S. economy — and potentially for Michigan as well. Key Economic Numbers Released Thursday Inflation rose to 3.8% in April, up from 3.3% in March Consumer spending growth slowed sharply to 0.2% First-quarter U.S. GDP was revised down to 1.6%
Part 2 of a series on how huge increases in gas prices are impacting Michigan's economy and politics. ANN ARBOR = As gasoline prices climb toward $5 per gallon across parts of Michigan, economists and political analysts are beginning to examine whether the growing global oil shock could eventually reshape the state’s 2026 midterm elections.
GRAND RAPIDS - West Michigan’s economy continued to expand in April, but rising oil prices, tariff uncertainty and growing fears about a broader national slowdown are beginning to cloud the outlook across the entire state of Michigan. That was the takeaway from the latest monthly industrial survey by Grand Valley State University economist Brian Long,
ANN ARBOR - Michigan’s economy could face mounting pressure later this summer as rising oil prices tied to the growing Middle East conflict begin spreading through the state’s three largest economic pillars — the auto industry, tourism and agriculture. Economists warn the full impact of the global energy shock may not hit consumers and businesses
WASHINGTON DC - Americans are beginning to feel the cost of the U.S. war with Iran in two places that matter most: at the gas pump and in their investment accounts. Gas prices that hovered around $3.25 just weeks ago are now pushing toward $4.50 in parts of the country, including Michigan, as global oil
ANN ARBOR — Americans are sending a mixed economic signal: they don’t trust the national economy, but they still believe in their own ability to navigate it. That’s the central finding from a new study by Appinio, which reveals a widening gap between national pessimism and personal financial confidence. While 47% of Americans rate the
BOSTON, MA - Spikes in gas prices have already taken a toll on small business owners trying to bounce back from the pandemic, inflation, labor shortages, and other challenges. In fact, Alignable's Gas Price Poll of 6,439 small business owners surveyed from 3/13/22 to 3/27/22 showed that 68% say gas price spikes have had a "very significant" negative
LANSING - Michigan Energy supplies should be both plentiful and in some cases cheaper this upcoming summer, an analysis released Thursday by the Michigan Agency for Energy said. Some of the forecast is weather dependent. If the summer proves extremely hot, that could boost the use of electricity. Otherwise, the assessment anticipates overall electricity sales
