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A report released today offers mixed news about the state of the economy heading into the new year. The report says employment in the state will probably remain steady through the middle of next year before the jobless rate ticks upward.
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West Michigan’s economic outlook turned to “flat” in the September Institute for Supply Management Survey. The chances for a recession are also increasing, but to what degree?
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Newly passed legislation requires car companies to source a major portion of key components and assemble electric batteries in the U.S. or a country with a free trade agreement within a few years.
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Home foreclosure filings across the nation this year have been, and continue to be, well ahead of last year. But in July, nationally foreclosure statistics dropped four percent from the previous month. And foreclosure completions declined by five percent from June to July.
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Michigan is surpassing revenue predictions by around 6.8-billion dollars for the current and next couple fiscal years. That’s the conclusion of the Consensus Revenue Estimating Conference on Friday, May 20.
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A recent 40-acre farmland sale in Gratiot County shocked the farming community. However, economists saw this coming, as farmland prices have never been higher.
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February’s Institute for Supply Management Research survey indicates West Michigan’s economy continued its positive performance.
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The rising cost of gas is exceeding freight prices and will lead to higher prices for consumers.
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The Russia-Ukraine conflict has altered natural gas and oil prices across the world. This shift in the market is likely to ripple into Michigan.
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A new economic report says the state’s economy is improving at a slow and steady pace, with a full recovery expected in 2023.The University of Michigan Research Seminar in Quantitative Economics (RSQE) study says employment and personal income growth show remain steady.