Blog tagged as Economic health

Bank Collapses Are Common, Investor Fear Is The Real Danger

03/22/23 03:49 PM - By Team MIRS - Comment(s)
Bank Collapses Are Common, Investor Fear Is The Real Danger
The Silicon Valley Bank and Signature Bank collapses themselves didn’t present a threat to the economy, but investors' fear of losing money is a real threat.

MSHDA, Treasury Say No Problems In Michigan With Bank Collapses

03/17/23 05:07 PM - By Team MIRS - Comment(s)
MSHDA, Treasury Say No Problems In Michigan With Bank Collapses
The Michigan State Housing Development Authority and the Department of Treasury are double-checking to make sure the collapse of Silicon Valley Bank and Signature Bank didn't impact their portfolios, but at first blush officials don't believe it did.

Michigan Unemployment Stays At 4.3% In January

03/10/23 10:40 AM - By Team MIRS - Comment(s)
Michigan Unemployment Stays At 4.3% In January
Michigan's unemployment rate stayed at 4.3% in January, according to Michigan Department of Technology, Management and Budget data.

January Pot Price Pothole, Projection Of '23 Sales Continues To Be High

03/10/23 10:12 AM - By Team MIRS - Comment(s)
January Pot Price Pothole, Projection Of '23 Sales Continues To Be High
The price of Michigan marijuana continued descending in January as the Cannabis Regulatory Agency today predicted nearly $3 billion for sales in 2023

Inflation Relief Checks Will Pull $800 Million From General Fund

02/07/23 04:30 PM - By Team MIRS - Comment(s)
Inflation Relief Checks Will Pull $800 Million From General Fund
Gov. Gretchen Whitmer said Monday Michiganders can expect $180 "inflation relief checks" as part of her broad tax relief package, a state expense that is expected to pull $800 million from the General Fund.