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Displaying items by tag: WE Upjohn Institute for Employment Research

Sunday, 19 June 2022 18:03

Kalamazoo Co. housing millage supporting 481 new units in first year

An expanded countywide housing millage is already funding five multifamily developments in Kalamazoo County, where studies have identified a need for thousands of additional housing units.

Sunday, 27 February 2022 18:37

Two West Michigan nonprofits named ‘hubs’ for state child care pilot program

pilot child care program expansion will help West Michigan parents find affordable child care, tackling one factor that has contributed to labor shortages and employees’ difficulty returning to work.

Published in Nonprofits
Sunday, 07 November 2021 18:05

Restaurant and bar owners navigate a labor pool in which workers now hold the bargaining power

Kevin Farhat has a fully staffed Garage Bar & Grill near downtown Grand Rapids, and he’s hired about 30 more people to work at a new location opening soon in Ada.

Published in Food/Agribusiness

Sunday, 07 November 2021 18:00

Child care, wage trends hold back women’s workforce re-entry

Women have been slower than men to return to the workforce over the past year and a half. They are more often held back by childcare complications from the pandemic and are likely being dissuaded from returning to frontline positions with low pay.

Published in Economic Development
Sunday, 07 November 2021 17:30

Nonprofit marks 10 years of luring professionals back to West Michigan

Seneca Powers took a familiar path among young professionals born and raised in West Michigan who left town with professional aspirations. She’s also part of the demographic that the region must lure back to meet its long-term workforce needs.

Published in Nonprofits
Thursday, 29 April 2021 17:14

Analysis estimates economic activity spurred by WMed in Kalamazoo, Calhoun counties

KALAMAZOO — Western Michigan University Homer Stryker M.D. School of Medicine helped add 1,600 mostly private-sector jobs and hundreds of millions of dollars in personal income and sales across the Kalamazoo region in 2020, according to an economic impact study. 

Published in Health Care

Sunday, 14 March 2021 13:23

Upjohn economist says latest stimulus needed to avoid slow recovery

The Biden administration’s $1.9 trillion American Rescue Plan Act is a big and bold injection into the U.S. economy that critics — such as all GOP members in the House and Senate who voted against it — have called unnecessarily expensive. However, supporters say the broad support for state and local governments and targeted relief to individuals and families will provide both immediate and long-term benefits. Susan Houseman, vice president and director of research at the Kalamazoo-based W.E. Upjohn Institute for Employment Research, said while the latest stimulus reflects Democratic spending priorities, it will also help to ensure a swift post-pandemic economic recovery. Houseman spoke with MiBiz a day after Congress approved the legislation and before it was signed by President Biden.

Published in Economic Development
Sunday, 31 January 2021 18:14

Efforts underway to improve broadband access in Ottawa, Kent counties

Ottawa County expects to have a better understanding later this year of exactly where gaps exist locally for broadband internet service so it can begin to address the issue.

Published in Economic Development
Sunday, 20 December 2020 18:05

Post-pandemic supply chain shifts could boost state’s industrial economy

Michigan’s economy could stand to benefit in the years ahead as manufacturers move to reshore work to the U.S. after dealing with severe disruptions in their foreign supply chains when the coronavirus first surfaced in China.

Published in Economic Development

Thursday, 10 December 2020 14:06

Manufacturing expected to continue leading West Michigan’s economic recovery

GRAND RAPIDS — West Michigan’s economy sits well positioned heading into 2021 to continue recovering jobs lost from the effects of the COVID-19 pandemic, experts said this week.

Published in Manufacturing
Sunday, 22 November 2020 19:30

Business leaders seek COVID-19 response that preserves ‘lives and livelihoods’

Two hundred and forty six days passed between Gov. Gretchen Whitmer’s first stay-at-home order to fight the COVID-19 pandemic and new state restrictions scaling back and closing some businesses.  

Published in Economic Development
Sunday, 24 May 2020 18:00

Longer recession predicted without federal support for state, local budgets

University of Michigan researchers told state officials at this month’s revenue estimating conference they anticipate a gradual economic recovery in the next few years, resulting in an unemployment rate of 6.8 percent by the end of 2022.

Published in Economic Development

Friday, 24 April 2020 04:47

Work-sharing spikes during pandemic, but far more remain fully unemployed

The number of Michigan companies using work sharing has spiked during the COVID-19 pandemic but the state program meant to avoid layoffs still represents relatively few participants compared to the number of workers fully unemployed.

Published in Economic Development
Sunday, 12 April 2020 18:57

State, local officials seek federal help as COVID-19 budget deficits loom

Shrinking revenue from sales, income and gasoline taxes could cost state and local governments billions of dollars in the coming months, potentially cutting already stretched services and leading to a prolonged recession without sufficient federal support.

Published in Economic Development
Wednesday, 08 April 2020 05:01

‘V-shaped’ economic recovery unlikely as recession could span years, economist says

Three weeks ago, Tim Bartik laid out a series of steps to encourage a “V-shaped” economic recovery from the coronavirus pandemic. 

Published in Economic Development

Sunday, 29 March 2020 19:00

State, federal policymakers take action to keep businesses and workers afloat

Gov. Gretchen Whitmer and federal lawmakers have taken a variety of steps to help businesses and employees navigate the short-term harm posed by the coronavirus. 

Published in Economic Development
Sunday, 29 March 2020 18:20

Work-sharing draws new attention as a ‘win-win’ alternative to layoffs

For Michigan companies scaling back but not completely shutting down as the state tightens restrictions to stop the spread of the coronavirus, a little-used program is drawing new attention as an alternative to layoffs.

Published in Talent
Wednesday, 18 March 2020 05:00

Unemployment benefit expansion among several options to shield small businesses

Whitmer’s order this week expanding unemployment benefits is part of a suite of state and federal policy options to shield small businesses affected by the coronavirus pandemic.

Published in Economic Development

Sunday, 22 December 2019 08:42

10 concerns for 2020

For this 13th installment of Crystal Ball, MiBiz reporters interviewed dozens of West Michigan executives about their outlook for the state and national economy and the indicators they’re watching as they prepare their businesses for the new year. While no single issue seemed to rise to the top this year, here’s a subjective list of their concerns that came up most often, ranked in no particular order. 

Published in Economic Development
Sunday, 22 December 2019 11:43

Manufacturing Outlook: West Michigan manufacturing could contract in 2020, economists say

If the long-promised economic downturn is on the horizon, manufacturers will be the first to feel it in 2020. That’s according to economists and industry experts who say the U.S. economy has become virtually split as it’s powered by confident consumers but weakened by a cautious business sector that is reducing investments and bracing for a contraction.

Published in Manufacturing
Sunday, 22 December 2019 18:12

U.S. Economic Outlook: Economists expect U.S. to avoid recession in 2020

Fears of a national recession in 2020 are largely unfounded. So insists Jim Robey, director of regional economic planning services at the Kalamazoo-based W.E. Upjohn Institute for Employment Research.

Published in Finance

Sunday, 22 December 2019 14:28

Michigan Economic Outlook: After ‘disappointing’ year, Michigan economy poised to grow in 2020

A combination of factors came together in 2019 to take a bite out of Michigan’s economy. The six-week General Motors strike, white-collar job cuts at GM and Ford early in 2019, a slowing manufacturing sector, and relatively flat auto sales collectively held back the state’s growth this year.

Published in Finance
Sunday, 13 October 2019 15:00

Manufacturing indicators point to long-promised economic downturn

On top of ongoing trade disputes and the disruptive GM strike, two statistical gauges of the U.S. manufacturing industry hit new lows, leaving economists and manufacturers preparing for a meaningful economic shift from a decade of growth. 

Published in Manufacturing
Sunday, 23 December 2018 19:26

Crystal Ball 2019 Manufacturing Outlook: Headwinds, talent challenges tamp down forecast for manufacturing sector

Whether the West Michigan manufacturing industry continues on an ongoing growth trend in 2019 or veers into a contraction remains uncertain. Economist Paul Isely, associate dean for undergraduate programs in the Seidman College of Business at Grand Valley State University, uses automotive, furniture, agriculture, and “amazingly nowadays” aerospace manufacturing to find the pulse of where the region’s economy is headed in the coming months and years. 

Published in Manufacturing

Sunday, 23 December 2018 16:53

Crystal Ball 2019 Finance Outlook: More interest rate hikes expected for 2019

Interest rates likely will rise again in 2019. How much and how often remains the question following the latest quarter-point increase in the federal funds rate last week by the Federal Open Market Committee (FOMC), which for two years has been raising interest rates from historic lows reached a decade ago during the Great Recession.

Published in Finance
Sunday, 23 December 2018 15:47

Crystal Ball 2019 Michigan Economic Outlook: Forecasts show continued but slower growth as Michigan nears record period of expansion

Michigan’s economy will see slower economic and employment growth in 2019 amid the ongoing tight labor market and less U.S. economic growth, economists say.

Published in Economic Development
Sunday, 23 December 2018 15:29

Crystal Ball 2019 Economic Outlook: National economy enters late states of expansion, economists say

Robert Dye views 2019 as a “transitional year” for the U.S. economy as a trio of forces align to moderate growth during the year.

Published in Economic Development

Friday, 30 November 2018 12:06

If Legislature weakens paid sick leave law, advocates threaten new petition drive

Backers of a law mandating paid sick leave in Michigan say they’ll launch a new petition drive to put the issue on the 2020 ballot if lawmakers weaken it during the lame-duck legislative session in Lansing.

Published in Health Care
Friday, 28 September 2018 20:12

Office furniture manufacturers weigh options in wake of tariffs

As the U.S. wades deeper into a trade war with countries including China, West Michigan-based office furniture manufacturers have been forced to raise prices and re-evaluate their supply chains to mitigate risks.

Published in Manufacturing
Saturday, 15 September 2018 21:45

West Michigan farmers call for action on trade policy

As discussions over international trade policies have ramped up in recent months, West Michigan farmers say more needs to be done to ensure the U.S. has a “level playing field” with other countries.

Published in Food/Agribusiness

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