Blog categorized as Economy

$10M In Seed Money Asked To Lure More Big Events

11/25/22 11:01 AM - By Team MIRS - Comment(s)
$10M In Seed Money Asked To Lure More Big Events

(Source: MIRS.news, Publsihed 11/23/2022) The NCAA announced this week the Men’s Final Four basketball tournament will return to Ford Field in Detroit in 2027, the first time the city will experience it since 2009 when Michigan State University spectacularly lost to North Carolina in the champions...

Report: Recession Imminent For 2023, Could Be Blunted In Michigan  

11/19/22 03:02 PM - By Team MIRS - Comment(s)
Report: Recession Imminent For 2023, Could Be Blunted In Michigan


 
A recession is coming in 2023, according to a forecast University of Michigan Research Seminar in Quantitative Economics, or RSQE, released today at their 70th annual two-day conference.

Unemployment Ticks Up In October For First Time In 15 Months

11/18/22 09:18 AM - By Team MIRS - Comment(s)
Unemployment Ticks Up In October For First Time In 15 Months
The unemployment rate in Michigan rose ever so slightly by 0.1% to 4.2%, the first increase in 15 months, according to the Department of Technology, Management and Budget.

MCCA To Assess New $48 Fee On Drivers Beginning July 2023

09/30/22 09:35 AM - By Team MIRS - Comment(s)
MCCA To Assess New $48 Fee On Drivers Beginning July 2023
Michigan drivers will pay back $48 of the $400-per-vehicle refund issued earlier this year after the Michigan Catastrophic Claims Association announced it is changing an assessment because of an anticipated deficit.

Unemployment At Lowest Point Since Pandemic Began

09/15/22 11:14 AM - By Team MIRS - Comment(s)
Unemployment At Lowest Point Since Pandemic Began
Michigan's unemployment rate for August moved down one-tenth of a percentage point from July to 4.1%, according to data released Wednesday by the Department of Technology, Management & Budget (DTMB).