Retail Group Says ‘Consumers Came to Spend’ for Holidays
WASHINGTON – Data released today by the U.S. Census Bureau shows that core retail sales during the 2024 holiday season grew an unexpectedly high 4% over 2023 to a...
Fabric-Crafts Chain Joann Files for Bankruptcy
HUDSON, Ohio – Sewing and fabric chain Joann announced that it has commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware to facilitate...
Job Openings Make Surprising Rise in November
The labor market may be cooling, but that doesn’t mean companies aren’t still looking for workers to fill jobs.
The Labor Department reported Tuesday that job openings rose to 8.1...
U.S. Unemployment Claims Drop to Lowest Level in Nearly a Year
Anyone wondering about the health of the U.S. labor market may not have to look any farther than the number of U.S. applications for unemployment benefits.
That number dropped to...
Report Provides In-Depth Look at Regional Talent Pool, Business Outlook
A report from The Right Place offers a roadmap for employers adapting to evolving talent trends, summarizing key strengths and areas for improvement.
Retail Sales See Healthy Hike in November
They say you can make statistics say anything, and data released by the Commerce Department are saying the U.S, economy got something of a boost as consumers move into...
FTC Announces Ban on Junk Ticket, Hotel Fees
The Federal Trade Commission announced a final Junk Fees Rule to prohibit bait-and-switch pricing and other tactics used to hide total prices and bury junk fees in the live-event ticketing and...
Unemployment Applications Fall Following Rapid Rise
What goes up must come down, and that’s what happened in the unemployment arena last week.
After soaring to a two-month high the previous week, the Labor Department reported Thursday...
November Inflation Rate Climbs Slightly
Anyone looking for reasons U.S. inflation rose slightly last month might look at the prices of used cars, hotel rooms and groceries.,
According to figures released by the Labor Department,...
Initial Unemployment Claims Jump to Highest Level in Two Months
It’s been awhile.
Applications for unemployment benefits shot to their highest level in two months. Still, they remain low when considered in a historical context.
Jobless claim applications climbed to 242,000...
Right Place Forecast Points to Strong Regional Economy in ’25
The Right Place released its 2025 Economic Forecast, and officials say the numbers are all pointing in a positive direction.
Busy Cyber Monday Caps Successful Thanksgiving Shopping Week
A busy Cyber Monday highlighted a busy “Cyber Week” over Thanksgiving for American shoppers.
U.S. shoppers spent $13.3 billion online on Cyber Monday, according to Adobe Inc., Bloomberg reported. That’s...
Stellantis Starts Process of Replacing Tavares as CEO
It didn’t take long for Stellantis to start the process of looking for a new CEO.
On Monday, Stellantis announced the formation of an interim executive committee charged with finding...
Economic Forecast Lays Out Plausible Scenario of Solid Growth, Slower Fed Rate Cuts
The Republican sweep of the 2024 elections is set to transform the economic outlook. President-elect Trump will take office with ambitious economic plans: Roll back regulation, cut taxes, raise...
Fed Chair Hopes Politics Don’t Affect Interest Rate Decisions
President-elect Donald Trump has been loud-and-clear about his complaints about the way the Federal Reserve does business, including insisting the president should “have a say” in Fed policies.
But on...
Duggan Seeks Governor’s Office as Independent
Longtime Democrat Mike Duggan announced he's launching a campaign for Michigan governor as an independent.
Business Leaders For Michigan Benchmarking Report Shows Progress, Action Needed
Michigan has made strides in terms of economic prosperity, but a report from Business Leaders for Michigan shows there's still work to do.
Spirit Airlines Files for Bankruptcy Protection
Spirit Airlines announced earlier this week it has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel and...
Private Equity Firm Blackstone Acquires Jersey Mike’s
MANASQUAN, N.J. AND NEW YORK – Jersey Mike’s Subs, a leading franchisor of fast-casual submarine sandwich stores, announced it has reached an agreement whereby private equity funds managed by...
U.S. Consumer Confidence Rises to Highest Level since April
Americans appear to be confident their income will continue to rise and the economy will keep improving.
US consumer confidence climbed to a seven-month high in early November, boosted by...
