Michigan economy

Michigan economy rebounds faster than expected, but inflation is a problem

(WXYZ) – A new forecast from the University of Michigan has found that Michigan’s economy is recovering from the pandemic faster than previous downturns, but inflation and the supply chain have a poor perception. According to the university, job growth has been healthy this year and is expected to continue over the next two years. …

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Biden travels to Detroit to promote infrastructure bill and its impact on Michigan economy Biden travels to GM plant in Detroit to promote infrastructure bill

President Joe Biden spoke Wednesday afternoon at a General Motors plant in Detroit to promote Monday passage of the bipartite law on infrastructure. The legislation is a $ 1 trillion package that will invest in U.S. infrastructure for the first time since many of the nation’s major bridges and highways were created. Biden delivered a …

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Michigan economy is on track for near full recovery in 2023, forecast

UM economists remain optimistic that sales will exceed pre-pandemic levels in the second half of 2023, with sales of 17.3 million vehicles for that year. The three big automakers of Michigan-based General Motors, Ford and Stellantis sold 7 million units in 2019. They will continue to rebuild their market share through 2023, with expected production …

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GVSU expert: Western Michigan economy is slightly better but remains stable

GRAND RAPIDS, – In West Michigan and across the country, supply chain issues have resulted in longer delivery times, missed deliveries, higher prices and sometimes exorbitant shipping costs, according to a new investigation. Brian G. Long, director of supply management research at Seidman College of Business at Grand Valley State University, interviewed local business leaders …

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Comerica report: Supply chain and labor shortage issues weigh on Michigan economy after 8 months of gains

Michigan’s economy sank in August, for the first time in nearly a year, according to a recent index released by Comerica Bank. The Dallas-based bank’s Michigan Economic Activity Index for the month of August – the most recent data available – reached 106.6, down slightly from July’s revised data of 107.4. The reading represented the …

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Benton Harbor Water System and Southwest Michigan Economy Benefit from New State Budget

Rep. Wendzel: Benton Harbor Water System and Southwest Michigan Economy Benefit From New State Budget Representative Pauline Wendzel today helped secure much-needed aid for Benton Harbor, Southwest Michigan and the economy across the state as normalcy returns following the COVID pandemic 19. Wendzel helped provide $ 10 million to replace lead pipes in Benton Harbor …

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Poll: 58% of registered voters say Michigan economy is on the wrong track

The Detroit Regional Chamber today released a poll that showed a majority of Michigan registered voters believe the economy is on the wrong track, and more. // Image bank The Detroit Regional Chamber, one of the oldest and largest chambers of commerce in the country, today released the results of a statewide poll of registered …

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Reviews | Michigan economy needs more state support for child care and preschool

The pandemic has put a strain on Michigan’s early care and education system. Incomes have declined due to social distancing rules and parents’ reluctance to put children back in place. Many child care and preschool programs have closed for good, while others have run into debt. In addition, low wages for workers have long been …

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Delta variant, shortage of chips to block Michigan economy until 2021, University of Michigan economists say

Michigan’s economy will feel the effects through the remainder of 2021 of the delta variant of the coronavirus and the continuing shortage of computer chips that is hampering auto production, according to University of Michigan economists. An economic outlook update from the university’s research seminar in quantitative economics released today indicates that the state’s economy …

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Ironman will have a positive impact on the economy of northern Michigan

The Frankfort-Elberta business community is excited by the prospect of thousands of people coming to the area the week of September 12 for the 2021 Ironman 70.3 competition. Very few people won’t say that 2020 hasn’t been difficult for the Northern Michigan business community. While this summer has been a lot better from a business …

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