Economy

It was déjà vu in the U.S. labor market last week. According to statistics released by the U.S. Department of Labor Thursday, first-time claims for unemployment benefits remained flat. The weekly...

General Motors announced Monday it would move its global headquarters to the new Hudson's site being built by Bedrock. The move is expected in 2025.

If the 11 interest rate increases the Federal Reserve has made since March 2022 were supposed to slow the job market in a continuing fight against a stubborn inflation...

Federal Reserve officials have said they’re waiting to see what the national inflation rate does before deciding when, or if, to cut interest rates after having raised them 11...

The Biden administration said Monday the U.S. would provide up to $6.6 billion to help a Taiwanese semiconductor firm expand the facilities it is already building in Arizona and...

Initial claims for unemployment assistance fell last week, but the total number of Americans collecting unemployment climbed to its highest level since the beginning of the year. The number of...

From optimistic State of the State through East Asia trip, Whitmer believes Michigan will thrive in ‘24.

LANSING – As the April 15th tax filing deadline approaches, Michigan Attorney General Dana Nessel is reissuing her Public Service Announcement on tax-related ID theft to urge consumers to protect...

It’s a high-low situation in the U.S. job market. The number of Americans applying for unemployment assistance rose last week. However, layoffs remain at historically low levels as the labor...

Anyone wondering whether the U.S. job market is still strong may have gotten their answer this week. U.S. job openings barely moved in February and remain historically high. The Labor...

A $20 minimum wage for most fast food workers in California went into effect Monday under a new law designed to give more financial security to an historically low-paying...

Since March 2022, the Federal Reserve raised its benchmark interest rate 11 times. Following the Fed’s March meeting, instead of cutting the rate, officials left it where it was for...

It likely won’t be as big a hike as last year, but the largest U.S. retail trade group thinks retail sales are going to take another jump this year. After...

The number of U.S. workers applying for unemployment benefits dropped a little last week as the job market showed signs of continued strength. According to statistics released by the U.S....

Unilever said Tuesday that it is cutting 7,500 jobs and spinning off its ice cream business to reduce costs and boost profits. London-based Unilever, the company that makes Ben &...

The Federal Reserve’s March decision was as-expected, extending the pause on rate changes that followed their last hike in July 2023. The March decision was unanimous. The key phrase in...

HUDSON, Ohio (Globe Newswire) — Joann Inc., the nation’s category leader in sewing and fabrics with one of the largest arts and crafts offerings, has filed for Chapter 11...

Federal Reserve officials were looking at potentially cutting interest rates soon if consumer prices started coming down. For now, that doesn’t seem to be the case. Consumer prices in the United...

The CPI index likely ran hot in February on higher gasoline prices, but core inflation likely slowed further as car prices fell and rent increases moderated. Producer prices likely...

While the number of Americans applying for unemployment benefits last week went down a bit, the overall number of workers collecting jobless benefits was up. Both numbers, though, remain at...