LANSING — In celebration of National 529 Day and Gov. Gretchen Whitmer’s proclamation of May 22 through May 29 as 529 Awareness Week, the Michigan Education Trust (MET) is encouraging families to give the gift of college credits to Michigan children — and it is throwing in an incentive to sweeten the deal.

• Construction spending rose 1.2% in April to $1.908 trillion.
• Residential investment will continue to be a drag on GDP through 2023.
• Infrastructure spending will provide support to public construction spending over the next decade.

• Initial claims for unemployment insurance increased by 2,000 to 232,000 in the week ending May 27. The four-week moving average of initial claims fell to 229,500 from 232,000.
• Continuing claims increased by 6,000 to 1,795,000 in the week ending May 20.
• The labor market is cooling but labor demand remains too strong.