Economy

The number of U.S. workers filing initial claims for unemployment assistance remained consistently above the 200,000 mark for the last 19 weeks. Until now. According to statistics released by the Labor...

The Fed raised the federal funds rate target by 0.75 percentage points to a range of 3.00%-to-3.25% and signaled another 1.25 percentage points in rate hikes is likely by...

GM will invest some $760 million in its Toledo facility for parts production in its electric truck fleet.

Fed's latest rate hike matched the expectations of economists as the fight against record inflation continues.

Maybe the adage should be, “What goes down must come up,” at least as it pertains to the weekly jobs report. After five weeks’ worth of modest declines, first-time claims...

The Consumer Price Index (CPI) rose 0.1% in August, above market expectations for a decline of 0.1%. On an annual basis, CPI inflation eased to 8.3% from 8.5% in...

The Federal Reserve on Wednesday raised its key interest rate 0.75% for a third straight time. It's the fifth rate hike of 2022, with a signal that more are coming.

This week’s inflation report showed that inflation isn’t slowing as much as economists had thought, and the stock market didn’t react well. U.S. stocks fell Tuesday as the inflation report...

CHICAGO (Globe Newsire) — The youngest generations continue to be more optimistic about their financial future in the next 12 months than their older counterparts. The latest TransUnion (NYSE:...

President Joe Biden visited the Detroit Auto Show Wednesday and announced $900 million worth of investments in electric vehicle charging stations across 35 states.

A tentative agreement between railroad companies and their unions reached in the early hours of Thursday morning avoids a potentially crippling railway strike.

First-time claims for unemployment assistance dropped last week and now stand at their lowest level since the end of May.

When Beaumont and Spectrum merged, officials said they expected no layoffs. This week, those officials confirmed the system would lay off 400 people.

Economists at Comerica are saying the jobs report for August could lessen the likelihood of the Fed raising interest rates again.

The price of everything from gasoline to chicken has risen substantially, with record inflation leaving fears of a recession in its wake.

State gets $52.2 million federal grant aimed at advancing mobility and electrification leadership.

The Right Place has a 10-year strategy officials say will grow the Grand Rapids region into a major tech hub in the Midwest.

August wasn’t as good for the job market as July, but the economy once again exceeded the expectations of some economists last month. According to statistics released by the Labor...

Whatever else the economy is doing, none of it seems to be affecting the job market. Statistics released by the Labor Department showed that fewer Americans filed for first-time unemployment...

S&P Global’s Composite PMI slipped further into contractionary territory in the August flash estimate, falling to 45.0 from 47.7 in July. Both manufacturers and service providers reported declines in...