Economy

U.S. First-time Unemployment Claims Drop to 860,000

The numbers of first-time claims for unemployment assistance in the U.S. fell to some 860,000 last week. That's about 33,000 fewer than the week before.

Large or Small, Cruise Lines Looking to Innovate to Draw Consumers Back to Traveling...

It's been a tough year for the cruise industry around the Great Lakes, but with safety protocols in hand and optimism in the air, industry experts have high hopes for 2021.

Drive-In Restaurants Say Business is Holding Steady as Customers Cruise In for Comfort Food,...

Diners are heeding their fears about dine-in eating by taking their search for comfort food during the pandemic to places like drive-in eateries.

Bank CEO: Pandemic Boosted Customers’ Use of Digital Tools, Changing the Way People Will...

Experts say the banking industry is going to see fewer traditional bank branches in lieu of digital tools, advanced technology and “advice centers” for banking customers looking to borrow, deposit or learn more about services in the pandemic era.

State Launches First-in-Nation Program to Offer Frontline Workers Tuition-Free Path to Community College

A new program Gov. Gretchen Whitmer calls a "first in the nation" idea will provide tuition-free education opportunities for Michigan's frontline workers.

Senate Will Push Slimmed-Down COVID Relief Package

The U.S. Senate is likely to vote this week, perhaps as early as Thursday, on a slimmed-down version of a coronavirus relief package that has already failed.

U.S. Adds 1.4 Million Jobs; New Unemployment Claims Fall Below 1 Million

The U.S. continues to add jobs (1.4 million in August), while first-time unemployment claims dropped below 1 million.

Report: Michigan Remains Stable in Manufacturing, Logistics Grades But Needs to Address ‘Brain Drain’

An annual report from Ball State University says Michigan needs to establish 'strong core cities' to mitigate 'brain drain.'

Huntington’s $5 Billion Commitment Designed to Boost State’s Small Businesses

Huntington Bank and Gov. Gretchen Whitmer announced a partnership designed to provide $5 billion in help for small businesses. The plan is part of Huntington's $20 billion community plan.

U.S. Department of Labor Provides Guidance on the Families First Coronavirus Response Act

As more and more businesses return to work, the U.S. Department of Labor is working with companies to understand the Families First Coronavirus Response Act.

Questions Remain as Payroll Tax Holiday Goes Into Effect

With the payroll tax "holiday" taking effect, the IRS has issued guidance on how the plan will work.

Q&A: How the Gig Economy Will Continue to Grow Through the Coronavirus and Beyond

With the response to the coronavirus wreaking havoc on the job market, experts are saying the gig economy is surging as a means of filling the gap.

Order Clarifies Protections for Workers Staying Home with COVID Symptoms

Gov. Gretchen Whitmer issued an order clarifying the treatment of workers who stay home with specific symptoms of COVID-19.

State Moves Women’s Commission to LEO to Help Address Economic Issues

The Michigan Women's Commission has changed its place on the state's organizational chart, moving to the Department of Labor and Economic Opportunity.

Michigan Gyms, State Chambers Ask State to Allow Fitness Facilities to Reopen

Michigan's gym owners believe they've taken the proper precautions to keep clients safe from COVID-19, and they're asking Gov. Gretchen Whitmer to let them reopen.

FEMA Approves Michigan’s Application to Provide an Additional $300 Per Week to Unemployed Residents

Michigan's Uemployment Insurance Agency applied for funding that would provide an additional $300 per week for unemployed workers. FEMA approved the request.

Michigan Applies for Federal Funding to Provide an Additional $300 Per Week to Unemployed...

More than 900K Michiganders who have lost work because of the coronavirus could use this supplemental benefit, the state says.

State Announces $65 Million in CARES Act Funding for Michigan Schools to Help with...

Gov. Gretchen Whitmer called funding "a good start" in helping Michigan families facing school-related challenges due to coronavirus this fall.

Video Tellers, Smaller Branches: Credit Unions Look to Shift How They Operate in the...

Financial-services companies, especially membership-focused credit unions, are seeing success during the coronavirus pandemic through an increase in digital offerings, a shift in their real-estate strategies and support...

Experts: Remote Work 2.0 Will Have New Rules, Expectations for Employees and Companies

As remote work becomes the norm and the nation’s students head back to school, business experts are looking forward to what some are calling “Remote Work 2.0.”
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