labor shortages Archives

Michigan CEOs Confident On Michigan Economy, Concerned About Labor Shortages, Inflation

DETROIT – Concerns about labor shortages and inflation are weighing on the minds of Michigan’s business leaders, according to a quarterly economic survey released today by Business Leaders for Michigan. Labor shortages are being felt across all job categories, including in manufacturing, office and front-line positions, with 85 percent of survey respondents expecting to have trouble

Comerica Bank Michigan Economic Index Declines

DETROIT—Comerica Bank’s Michigan Economic Activity Index decreased in August to a level of 106.6 from a revised July index of 107.4. In August, Comerica economists said, only three of those components rose—nonfarm payrolls, unemployment insurance claims, and house prices. Four components declined—housing starts, industrial electricity demand, light vehicle production, and state sales tax revenue. Total