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Revenue Estimate Projections Increased

Jan 10, 2020

Revenue projections for the current and upcoming fiscal years were increased at today’s Consensus Revenue Estimating Conference (CREC) in Lansing, giving the legislature more to work with during the budget process. Held in January and May, the CREC gathers economic experts to project the state of the economy in the upcoming years, as well as […]

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Democratic Caucuses Introduced Payroll Fraud Legislation

Sep 06, 2019

Bicameral legislation has been introduced cracking down on payroll fraud and other related business practices. The proposal aims to strengthen whistleblower protections, toughen penalties against payroll fraud, and reimburse back-wages and benefits owed to employees. According to the press release, payroll fraud costs Michigan taxpayers $107 million a year in tax revenue when businesses misclassify […]

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Unemployment Rate Steady in June

Jul 19, 2019

Michigan’s seasonally adjusted unemployment rate last month remained unchanged from the prior month at 4.2%. Total employment increased by 2,000, while unemployment rose by 3,000. Last month’s rate is higher than the national average of 3.7%. In the Detroit-Warren-Dearborn market the June 2019 unemployment rate was 4.6%, one-tenth of a percentage point over the prior month. […]

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Going PRO Kickoffs, Addressing Skilled-Labor Shortage

Jul 12, 2019

To address the skilled-labor gap in Michigan, the state has launched a new public-private partnership program named Going PRO. Through 2026 it’s estimated the state will need to fill 545,00 skilled-labor jobs. Michigan employers’ have been facing challenges finding highly skilled employees and cited it as a top concern in the recent Michigan Future Business […]

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May Unemployment Rate Increases

Jun 21, 2019

Michigan’s seasonally adjusted unemployment rate for May 2019 increased by one-tenth of a percentage point to 4.2%. During the month total employment was unchanged, while the number of unemployed moved up by 5,000. Last months’ rate was six-tenths higher than the national rate of 3.6%. In the Detroit-Warren-Dearborn Metropolitan Statistical Area, the unemployment rate increased […]

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Governor Reorganizes State Department

Jun 14, 2019

In an effort to streamline and better coordinate efforts to meet the state’s business and labor needs, Governor Gretchen Whitmer signed an Executive Order renaming and reorganizing one state department. The new department is called the Department of Labor and Economic Opportunity (LEO) and replaces the Department of Talent and Economic Development (TED). The department […]

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Community Resources – Learning Outside of Your Day Job

Jun 05, 2019

While talking with friends recently, I realized how much time we spend discussing topics related only to our work.  My friend in finance talks about the markets, my friend in advertising talks about marketing and social media trends, and of course I talk politics.  While our conversations can be highly insightful (especially to those who […]

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Lt. Governor Launches Going PRO

May 24, 2019

On Monday, Lt. Governor Garlin Gilchrist launched the Going PRO campaign to promote the importance of professional trade careers with the aim of addressing the state’s high-skilled labor shortage. It’s estimated that through 2026 Michigan employers will need to fill 545,000 skilled-labor jobs. Michigan businesses have been vocal over the past few years about the […]

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