ANN ARBOR – Michigan drivers are finally getting some relief at the gas pump, with the average price of regular gasoline falling about 45 cents over the past month to roughly $4.18 a gallon. But just as consumers are starting to save money every time they fill up, a new federal inflation report delivered the
LANSING – Artificial intelligence could transform nearly 2.8 million Michigan jobs over the next decade, according to Michigan's AI workforce strategy. While some workers may become more productive, others could find portions of their jobs automated away unless they develop new skills. The debate over AI jobs Michigan workers can count on is intensifying as
LANSING — Michigan could lose an estimated $11.7 billion a year in Social Security income if automatic benefit cuts take effect in 2032, according to a new analysis that ranks Michigan among the states most vulnerable to the program's looming funding crisis. The report from the Committee for a Responsible Federal Budget found the average
GRAND RAPIDS – Michigan's economy continues to expand, but new data from West Michigan suggests employers may be becoming more cautious about hiring as concerns grow over consumer spending, global uncertainty and the future direction of the manufacturing sector. A monthly survey conducted by Grand Valley State University's Seidman College of Business found West Michigan
LANSING — If your summer vacation seems more expensive, your favorite restaurant raises prices again, or that long-delayed home repair costs more than expected, Michigan small businesses say rising costs are increasingly forcing them to pass those expenses on to customers. A new survey from the National Federation of Independent Business (NFIB) found small business
ANN ARBOR – A typical Michigan household could pay up to $3,000 more this year for everyday expenses, making everything from grocery shopping and utility bills to summer vacations significantly more expensive as inflation surged to its highest level in three years. New federal data released Wednesday showed consumer prices rising 4.2 percent over the
ANN ARBOR - Michigan consumers could be facing another round of economic pain as major oil companies and commodity traders warn that global petroleum inventories are falling to unusually low levels, raising concerns that crude oil prices could surge to $150 per barrel or higher if another major supply disruption occurs. For Michigan residents, the
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%
Global Conflict Is Now Reaching Michigan’s Economy ANN ARBOR - Michigan may be thousands of miles from the Strait of Hormuz, but the impact of the growing Middle East oil crisis is already showing up at gas stations, freight terminals, factory floors and household budgets across the state. Global oil prices surged again this week
LANSING — Michigan teenagers searching for summer jobs in 2026 could face a more competitive labor market than in recent years, even as hourly wages continue climbing across many entry-level industries. A new forecast released by the Michigan Department of Technology, Management & Budget projects roughly 252,500 teens ages 16 to 19 will participate in
