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PNC Senior Economic Advisor Stuart Hoffman: Industrial Output Rose by 0.1% and Manufacturing Output Rose by 0.8% in February;

Michigan Business Network
March 15, 2024 1:00 PM

Both Failed to Reverse Much Bigger Declines in January

  • Industrial production rose by a scant 0.1% in February, with manufacturing output up by 0.8%, both failing to fully reverse much bigger declines in January.
  • Industrial output has been declining for more than a year due to higher interest rates and softening demand.
  • Industrial production is set to decline modestly further this year.
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PNC Chief Economist Gus Faucher: Retail Sales Partially Recover in February;

Michigan Business Network
March 14, 2024 3:00 PM

Big Increase in PPI

  • Retail sales rose 0.6% in February, making up about one-half of January’s decline; January sales were revised lower.
  • Sales excluding food and energy rose a solid 0.3%.
  • Consumer spending will continue to increase throughout 2024, although at a slower pace than last year.
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PNC Senior Economic Advisor Stuart Hoffman: Initial Jobless Claims Fell by 1K in Mid-March;

Michigan Business Network
March 14, 2024 12:00 PM

Continuing Claims Rose by 17K in Early March

  • Initial claims for unemployment insurance edged down by 1,000 to 209,000 in the week ending March 9. The four-week moving average also declined by 1,000 to 208,000.
  • Continuing claims rose by 17,000 to 1.811 million in the week ending March 2 and the four-week moving average rose by 2,000 to 1.799 million.
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ICYMI: Michigan Business Beat | Jeremiah Mostrom, Axios HR - Discussing Workforce Trends for 2024

Michigan Business Beat
March 14, 2024 11:00 AM

Chris Holman welcomes back Jeremiah Mostrom, Chief Revenue Officer at Axios HR, Grand Rapids, MI. February was Human Resources Month, and this is Part 2 to finish out the questions from last time.


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Michigan Business Beat | Jeremiah Mostrom, Axios HR - Discussing Workforce Trends for 2024

Michigan Business Beat
March 13, 2024 8:00 AM

Chris Holman welcomes back Jeremiah Mostrom, Chief Revenue Officer at Axios HR, Grand Rapids, MI. February was Human Resources Month, and this is Part 2 to finish out the questions from last time.


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

Michigan Business Network
March 13, 2024 6:15 AM

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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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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