Month: August 2020

In total, these payments were equivalent to about 8.5% of the state’s annual personal income, or about $ 4,350 per person. Economists estimate that residents spent up to 75 percent of that money, rather than saving it. Michigan consumer spending is now above january levels and above the national average, in large part due to …

Michigan’s economy is stronger than expected during a pandemic. Thank the stimulus. Read More »

COVID-19 pandemic and resulting economic contraction is affecting Michigan more than many other states, says new investigation by Comerica Inc. Regional economists at the Dallas-based bank report that Michigan’s GDP fell at an annualized rate of 41% in the second quarter. During the same period, U.S. GDP declined at an annualized rate of 32.9%, while …

Report: Michigan Economy Suffers More Than Most States Read More »

The spring and summer of 2020 saw a dramatic acceleration in the Trump administration’s measures to restrict the entry of immigrants to the United States. Following the onset of the coronavirus pandemic, the White House issued a series of proclamations that effectively restricted entry to the United States from many countries, including Brazil, Iran, and …

Restrictive immigration policy hurts Michigan economy Read More »