Which comes first — job growth or population growth? Unfortunately, Michigan struggles with both.
Business Watch
Covering the intersection of business and policy, and informing Michigan employers and workers on the long road back from coronavirus. Our Michigan Economic Dashboard shows key metrics that show how the state is performing.
Posted inBusiness Watch
Michigan marijuana industry sees record sales, even as some struggle
The marijuana industry brought in $276 million last month and is projected to cross $3 billion in revenues for the first time this year. But some businesses continue to struggle from a glut of shops and relatively low prices.
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Michigan gas rises 15 cents to $3.91 a gallon, new high for the year
Higher demand and lower supply means gas prices are on the rise. Michigan’s record prices are higher than the national average.
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Great Lakes shipping continues to decline
Shipping on the Great Lakes and St. Lawrence Seaway is continuing its long-term downturn, and changes in the region’s steel industry are largely responsible for the trend, according to a recent Congressional Research Service report.
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Michigan gas up 9 cents to $3.76 a gallon, the highest this year
A recent heatwave is blamed for the increase. Michigan prices are lower than the national average, however, and below historical averages when inflation is taken into account.
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Metro Detroit I-75 project nearly done, but with some drama 100 feet below
The massive road project is slated to finish in September, ending years of traffic snarls. Less visible is an underground tunnel boring effort that avoided catastrophe when a silt pocket trapped the project’s boring machine.
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Survey: Young workers sour on auto industry jobs, in another blow to Michigan
A new survey shows many would leave Michigan for jobs they consider more innovative. Young people say they aren’t sure auto companies can provide the work-life balance they crave.
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Michigan businesses relieved as UPS averts strike with its union
The tentative contract, announced Tuesday, will provide $7.50 per hour in wage increases over five years. With the deal, the rest of the U.S. can relax in knowing that 24 million daily packages won’t face delay during a national strike.
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Michigan businesses urged to prepare for UPS strike by Teamsters
The labor contract expires July 31, with the two sides set to resume talks next week. UPS handles a quarter of the nation’s packages, which is why businesses are scrambling to address likely supply chain disruptions.
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Judge denies bid to halt site work for Ford EV battery plant in Marshall
A citizens group filed a lawsuit against the city, seeking to force a vote on rezoning. Their request to stop work on the property until a decision is made was declined. The judge has yet to rule on the requested referendum.