Chris Holman welcomes Dr. Charles Ballard for a video interview on the Michigan Business Network. Dr. Ballard is a professor at Michigan State University for the Department of Economics. In the interview, they discuss the status of the economy globally and in Michigan.
Chris Holman welcomes Interim President and CEO of the Capital Region Airport Authority (CRAA) Board of Directors, Robert Benstein, to the Michigan Business Network. The industry has been impacted deeply by COVID19 which has heightened the level requirements an airport needs to adhere to. Following the executive orders of the governor, the Lansing airport is doing as much as possible to make the passengers and customers feel safe. This includes extra staff for cleaning, social distancing, hand sanitizer, sneeze guards, all other things to make them feel comfortable.
Watch Tony Vernaci, President/Founder of the Aerospace Industry Association of Michigan (AIAM) talk with Chris Holman on this portion of the Michigan Business Beat. Tony catches Chris up on how the airlines have been hit hard by COVID-19 and how the association is working hard to remain up-to-speed.
Van Andel Global Trade Center is offering two virtual trainings to cover general USMCA requirements as well as automotive specific topics to prepare companies for the July 1 implementation.
LANSING, Mich – Michigan’s small business owners are in a bind. They appreciate the original intent and need for the state-mandated Stay Home, Stay Safe orders that were put in place to stop the spread of COVID-19 in Michigan, but they feel trapped by the uncertainty of what may come next. Respondents to the latest MFBI are clearly concerned about COVID-19 and the toll it has taken on Michiganders, but they feel certain that they will have plans in place and a responsibility to keep their customers and employees safe when they reopen.
Presented in Conjunction with Tariffs Hurt the Heartland
May 13, 2020, 12-1pm, a virtual event addressed the issues of tariffs and trade. You're welcome to review the Agenda.
Shared below is a way to see the recent event.
Still More Than 10 Times Pre-Viral Recession Levels
Initial claims for unemployment insurance fell for a sixth straight week, to 2.981 million for the week ending May 9. Claims were revised slightly higher for the week ending May 2 to 3.176 million.
The April jobs report was by far the worst in U.S. history.
Employment, as measured by a survey of establishments that goes back to 1939, fell by 20.5 million, easily surpassing the previous all-time high of 1.959 million jobs lost in one month in 1945, after the end of World War II. Job losses in March were revised from a loss of 701,000 to a loss of 870,000. During the Great Recession in 2007 to 2009, the biggest month of job losses was 800,000, and total job losses were 8.7 million. Thus, after just two months, job losses of 21.4 million during the Viral Recession have more than doubled those during the two years-plus during the Great Recession.
