PNC Chief Economist Gus Faucher: Upward Revision to Q1 GDP,

Michigan Business Network
June 4, 2023 12:30 PM

Profits Down

Real GDP growth in the first quarter was revised slightly higher, to 1.3% from 1.1%.
Demand was strong in the first quarter, but inventories were a drag.
Corporate profits fell for a third straight quarter.
PNC expects a mild recession starting later this year.

#MPC23 | Gov. Whitmer Outlines Strategy to Tackle Michigan’s Population Growth,

Michigan Business Network
June 2, 2023 10:00 AM

Announces First-Ever Chief Growth Officer

Key Takeaways

‘Growing Michigan Together’ is about investing in our people, places, talent, and education.
Hilary Doe will lead charges as the new Chief Growth Officer; Shirley Stancato and former U.S. Ambassador John Rakolta Jr. will serve as Growing Michigan Together Council Co-chairs.
The Governor is focused on continuing efforts to make Michigan attractive to future talent that transcends partisan divides.

Get Your Opinion Heard - Take the Q2 2023 Michigan Future Business Index Survey

Michigan Business Network
June 2, 2023 9:00 AM

Michigan small businesses, let your voices be heard!

At the Michigan Business Network , we understand how busy you are, so I won't take up much of your time. However, I'd appreciate it if you can find just a few minutes today to provide your opinions in the Q2 2023 Michigan Future Business Index. We also want to thank Cinnaire for their continued support of the MFBI Survey!

PNC Senior Economist Abbey Omodunbi: Construction Spending Up in April;

Michigan Business Network
June 2, 2023 7:00 AM

Residential Investment Will Weigh on GDP Growth Through 2023.

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.

DTMB | Michigan Regional Jobless Rates Fall in April

Michigan Business Network
June 1, 2023 4:00 PM

LANSING, Mich. -- Not seasonally adjusted unemployment rates receded in all 17 Michigan labor market areas over the month, according to data released today by the Michigan Department of Technology, Management & Budget.

#MPC23 | The Power of & Brings Profitability,

Michigan Business Network
June 1, 2023 3:00 PM

Growth, and Sustainability

Key Takeaways

The public and private sectors can — and must — work together using the “Power of &” to speed progress in sustainability and profits. They’re not mutually exclusive.
Diversity of representation helps drive company culture and should be reflective of a company’s client base.
Sustainability makes economic sense.

#MPC23 | CEOs on Embracing the Power of &

Michigan Business Network
June 1, 2023 2:00 PM

in Business and Civil Discourse

Key Takeaways

Future-thinking, simplification, innovation, and compromise are opportunities within business.
Engaging others with differing political views with your core values encourages civility.

#MPC23 | Embracing Immigration, Increased Postsecondary Education Attainment

Michigan Business Network
June 1, 2023 1:00 PM

Key to Region Winning ‘Fierce Competition for Talent’

Key Takeaways:

Michigan must continue to be a welcoming place for immigrant talent of all levels.
Winning the talent competition requires embracing untraditional methods and different kinds of educational levels while building a talent pipeline within your organization.
For Michigan to stay competitive, there needs to be considerable more attention to K-12 education, along with postsecondary credential and degree attainment.

PNC Senior Economist Abbey Omodunbi: U.S. Initial Claims Up in Week Ending May 27;

Michigan Business Network
June 1, 2023 10:00 AM

ADP Report Shows Strong Private Employment Growth in May

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.

Get Your Opinion Heard - Take the Q2 2023 Michigan Future Business Index Survey

Michigan Business Network
June 1, 2023 8:00 AM

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What's New in the Blog

PNC Chief Economist Gus Faucher: Upward Revision to Q1 GDP,

#MPC23 | Gov. Whitmer Outlines Strategy to Tackle Michigan’s Population Growth,

Announces First-Ever Chief Growth Officer

Key Takeaways

Get Your Opinion Heard - Take the Q2 2023 Michigan Future Business Index Survey

PNC Senior Economist Abbey Omodunbi: Construction Spending Up in April;

DTMB | Michigan Regional Jobless Rates Fall in April

#MPC23 | The Power of & Brings Profitability,

Growth, and Sustainability

Key Takeaways

#MPC23 | CEOs on Embracing the Power of &

in Business and Civil Discourse

Key Takeaways

#MPC23 | Embracing Immigration, Increased Postsecondary Education Attainment

Key to Region Winning ‘Fierce Competition for Talent’

Key Takeaways:

PNC Senior Economist Abbey Omodunbi: U.S. Initial Claims Up in Week Ending May 27;

Get Your Opinion Heard - Take the Q2 2023 Michigan Future Business Index Survey

In Partnership With

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