ANN ARBOR – If you're happy in your current job, Thursday's employment report probably isn't cause for alarm. If you're hoping for a raise, planning to switch employers, graduating from college or hiring workers for your business, it's a different story. The U.S. labor market isn't collapsing. It's becoming more competitive. At the same time,
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
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%
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 - Knowing which industries have a good economic outlook can help you to make savvy career choices. Whether you’re starting out or you’re thinking about your next promotion, choosing a sector or specialty that’s primed for growth can provide you with job security and lucrative opportunities. Similarly, if you’re a budding entrepreneur and
MILWAUKEE—The Great Rehiring is beginning in the U.S. with more than 7,300 employers reporting the most optimistic outlooks since 2000 for the three months ahead, according to the latest Employment Outlook Survey from ManpowerGroup (NYSE: MAN). Employers in all 12 industries Manpower tracks report positive outlooks, with the strongest hiring activity forecast for Leisure &
LANSING - Seasonally unadjusted unemployment rates in May edged up in 12 of Michigan’s 17 regional labor markets, according to data from the Michigan Department of Technology, Management and Budget. Both total employment and total workforce levels rose in most labor market areas over the month. “Most metro areas in Michigan recorded modest jobless rate
ANN ARBOR - Economists at the University of Michigan announced Friday that Michigan will add on average 45,800 jobs each of the next two years - good news indeed, but slightly more than half the average 70,000 jobs added from 2014 to 2016. In their annual November forecast of Michigan's economy, George Fulton and colleagues
LANSING - Just Minnesota and Wisconsin had lower unemployment rates than Michigan and New York among the Great Lakes states in March, figures released by the U.S. Bureau of Labor Statistics show. The March numbers also show that 23 states had jobless rates higher than Michigan, including four in the Great Lakes region: Illinois, Ohio,
