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Business Spotlight

Automation Alley | Employee Attraction & Retention with Industry 4.0 & More News

Michigan Business Network
March 12, 2024 5:00 PM

INTEGR8 2024 WORKFORCE PLAYBOOK

Expand Your Employee Attraction, Preparation, and Retention Efforts by Leveraging Industry 4.0 Technologies

Workforce Article by John Walsh, Michigan Manufacturers Association

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PNC Senior Economist Kurt Rankin: CPI Inflation Accelerated Further in February 2024,

Michigan Business Network
March 12, 2024 1:00 PM

Up 0.4% for the Month

  • Topline CPI grew at a 0.4% pace in February 2022 versus the month prior in seasonally adjusted terms.
  • Core CPI, less Food & Energy, also posted a 0.4% monthly gain in February 2024.
  • Energy prices spiked in February 2024, posting their first monthly gain since September 2023.
  • Services less Rent of Shelter continued its new year push with a second consecutive +0.6% monthly gain in February 2024.
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ICYMI: Michigan Business Beat | Teri Sand, CAMW! Feb. '24 Talent Fund FY24 Cycle 1 Applications Submitted

Michigan Business Beat
March 12, 2024 10:00 AM

Jeffrey Mosher welcomes back Teri Sand, SHRM-CP, PHR, CBSP, CRP, Business Services Manager, Capital Area Michigan Works!, Lansing, MI, but serving Ingham Eaton, and Clinton Counties


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ICYMI: Ultium Cells Lansing Surpasses 2 Million Construction Build Hours

Michigan Business Network
March 12, 2024 8:00 AM

  • Commitment to safety and continuous innovation as the plant progresses toward completion and is on pace for the start of production in early 2025.

  • Momentum builds as the team ramps up new employee hiring as part of its effort to create over 1,700 new high-tech jobs in Lansing, Michigan.

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Ultium Cells Lansing Surpasses 2 Million Construction Build Hours

Michigan Business Network
March 11, 2024 3:00 PM

  • Commitment to safety and continuous innovation as the plant progresses toward completion and is on pace for the start of production in early 2025.

  • Momentum builds as the team ramps up new employee hiring as part of its effort to create over 1,700 new high-tech jobs in Lansing, Michigan.

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ICYMI: PNC Chief Economist Gus Faucher: Job Growth Runs Hot Again in February;

Michigan Business Network
March 11, 2024 1:00 PM

Small Increase in Wages Is Good News for Inflation

  • Job growth was 275,000 in February, above expectations, but there were large downward revisions to job growth in the previous two months.
  • The unemployment rate rose to 3.9%, with the labor force participation rate steady at 62.5%.
  • Average hourly earnings were up just 0.1% in February, and growth softened on a year-over-year basis; easing wage growth will help slow inflation.
  • The solid jobs report supports PNC’s forecast for a soft landing in the U.S. economy this year, with fed funds rate cuts in starting in the second quarter.
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ICYMI: Michigan Business Beat | Teri Sand, CAMW! Feb. '24 Talent Fund FY24 Cycle 1 Applications Submitted

Michigan Business Beat
March 11, 2024 11:15 AM

Jeffrey Mosher welcomes back Teri Sand, SHRM-CP, PHR, CBSP, CRP, Business Services Manager, Capital Area Michigan Works!, Lansing, MI, but serving Ingham Eaton, and Clinton Counties


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Cinnaire | Ubuntu Fund Secures $55 Million Investment from Prominent Financial Institutions to Create Pathways for Equitable Access

Michigan Business Network
March 8, 2024 3:00 PM

Cinnaire has announced the closing of the $55 million Ubuntu Fund, an equitable access fund developed to support affordable housing development with underinvested developers in the Midwest region. The creation of this fund was made possible through the investments of leading financial institutions – JPMorgan Chase, PNC Bank, KeyBank, and Fifth Third Bank. The fund has already been fully subscribed and awarded to developers of affordable housing.

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PNC Chief Economist Gus Faucher: Job Growth Runs Hot Again in February;

Michigan Business Network
March 8, 2024 1:00 PM

Small Increase in Wages Is Good News for Inflation

  • Job growth was 275,000 in February, above expectations, but there were large downward revisions to job growth in the previous two months.
  • The unemployment rate rose to 3.9%, with the labor force participation rate steady at 62.5%.
  • Average hourly earnings were up just 0.1% in February, and growth softened on a year-over-year basis; easing wage growth will help slow inflation.
  • The solid jobs report supports PNC’s forecast for a soft landing in the U.S. economy this year, with fed funds rate cuts in starting in the second quarter.
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PNC Economist Ershang Liang: U.S. Trade Deficit Increased in January, With Larger Goods Deficit and Smaller Services Surplus;

Michigan Business Network
March 7, 2024 3:00 PM

Trade to Weigh on U.S. Growth in Early 2024

  • The overall U.S. trade deficit rose 5.1% in January from December.
  • Both exports and imports rose on the month.
  • The larger total trade deficit came from a bigger goods deficit and a narrower services surplus.
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