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Initial and continuing claims for unemployment insurance both fell slightly in the latest data. Both claims measures have been falling for the past couple of months, after spiking in the spring as the coronavirus pandemic struck the U.S. However, the rates of decline for both initial and continuing claims are slowing, suggesting that the pace of labor market improvement is softening. In addition, claims can be volatile around holidays.
Last week, Automation Alley was honored to receive $12 million in grant funding from Oakland and Macomb Counties to address the urgent need to move companies into the digital manufacturing age of Industry 4.0 as fast as possible to help improve our region’s manufacturing agility and response to COVID-19 and future disruptions. The Personal Protective Equipment Resilience Grant Program will position our region as an agile, digital-ready essential source of manufactured goods in times of national crisis while providing much-needed PPE for Oakland and Macomb Counties’ first responders, health care professionals and citizens.
CSH’s 5 Minutes to Growth podcast brings you innovative ideas and solutions for growing your business.
Monday, the SBA released PPP loan data. Following is a statement from SBA Great Lakes Regional Administrator Rob Scott about the PPP resumption (this morning the SBA resumed accepting PPP loan applications and will through August 8, 2020, per the Paycheck Protection Program Extension Act), and recent numbers:
Office? Remote? Hybrid is more likely.
As we return to work, employees and employers will need to adjust to a new way of doing things. Employees have grown accustomed to the flexibility they have with remote work. While many miss the office, many do not.
This Independence Day, the U.S. Small Business Administration thanks our service members and veterans for their dedication to our Nation’s values and their patriotic sacrifices on the country's behalf. We also tip our hats to veteran small business owners, who make significant contributions to the U.S. economy and add immense value to their local communities.