What's New in the Blog

Share Biggest Challenges Facing American Companies

PNC recently sponsored a survey of 300 U.S. CFOs* to understand their expectations about Federal Reserve interest rates through the end of 2024, as well as their intended actions and business implications if rates are cut.

Due to the recent internet outage caused by CrowdStrike, a Microsoft third-party security application, the Michigan Unemployment Insurance Agency (UIA) phone and online chat services are currently limited. Workers are not able to speak or chat online with agents due to the system issues. Technicians are currently working to resolve the issue, with no current resolution time.

only group ranked equally high across all political affiliations in annual Gallup poll

Lansing, MI - Gallup has released its annual update on Americans’ confidence in major U.S. institutions, with small businesses topping the list.

as Manufacturing Improves

• Industrial production increased for a second straight month in June, with manufacturing output up.
• Industrial production has grown modestly over the past few months after falling in 2022 and 2023.

LANSING, Mich. – Michigan’s seasonally adjusted unemployment rate rose by two-tenths of a percentage point over the month to 4.1 percent during June, according to data released today by the Michigan Department of Technology, Management & Budget. Employment receded by 9,000 over the month, while unemployment rose by 8,000, resulting in an essentially unchanged workforce in June.

But Single-Family Starts and Permits Fell

• U.S. housing starts increased in June, but were down from June 2023.
• Single-family housing starts dropped on the month, while multifamily starts increased; over the past year housing starts dropped, with single-family starts up and multifamily starts down.

Stakeholders Gather to Highlight how Community & Worker Economic Transition Office Budget Investments will Support Efforts to Ensure Michiganders Benefit from Clean Energy Transitions 

KALAMAZOO, Mich.— Following the passage of a historic budget agreement that provides funding for the newly created Community & Worker Economic Transition Office, the Michigan Department of Labor and Economic Opportunity (LEO) convened a roundtable in Kalamazoo today to discuss how the new office will help Michiganders benefit from transitions in the auto and energy sectors.