Monthly benefits will increase 8.7 percent in January because inflation has soared all year. Here’s how much it will benefit Michigan families.
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
After a cancer diagnosis, a family apple orchard owner weighs what’s next
Like many small business owners, Bruce and Jan Upston didn’t think much about a succession plan. But time, and a doctor’s visit, got them thinking about how to pass on all that the next owners will need to know.
Posted inBusiness Watch
Michigan’s housing crisis has spread to Alpena. How $100M can help.
Add northeast lower Michigan to the list of regions where there is not enough affordable housing to meet worker demand. State and local officials are taking public comment on how to spend $100 million in federal rescue funds earmarked for housing.
Posted inBusiness Watch
Michigan gas prices are up again. Here is why.
Several factors, from a refinery fire to a cut in oil production, are pushing Michigan’s gas prices above the national average.
Posted inBusiness Watch
Michigan lands two more EV battery plants, bringing up to 4,000 jobs
Michigan’s effort to gain massive manufacturing sites for EV batteries leapt forward on Wednesday with deals near Big Rapids and metro Detroit, bringing the total to four this year.
Posted inBusiness Watch
Without wealth advantage, Detroiters ‘not celebrating’ economic recovery
Black and Hispanic Detroiters are making far less and have fewer job opportunities than their white counterparts, a new report has found.
Posted inBusiness Watch
Michigan approves $846 million in aggressive bid to attract new business
Republican legislative leaders and Gov. Gretchen Whitmer reached a $1 billion spending bill, with most of it going to the SOAR fund, formed to attract large-scale developments to Michigan. The deal is not without critics.
Posted inBusiness Watch
Report: COVID forced 500k workers from workforce; thousands from Michigan
Researchers reveal at least 500,000 U.S. workers left their jobs after being severely sickened by COVID, leaving Michigan and other states with a smaller labor force and more unfilled jobs.
Posted inBusiness Watch
Higher mortgage costs cool home sales as Fed sends interest rate higher
Michigan is likely to see higher costs of borrowing and an unemployment rate that climbs close to 5 percent, based on the change made Wednesday to cool inflation.
Posted inBusiness Watch
Baby formula needs more scrutiny, FDA finds after Michigan factory crisis
Several reforms were proposed Tuesday following findings that the Abbott factory in Sturgis had poor sanitary conditions and the FDA was slow to react to a company whistleblower complaint, contributing to a baby formula shortage this spring.