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While countless manufacturers throughout West Michigan have lamented the lack of available talent, evidence shows the workforce constraint has finally affected the industry’s ability to grow.

Published in Manufacturing

According to the most recent state jobs data, wages for manufacturing production workers in May sunk to their lowest levels in the last 12 years as the average hours worked dipped to the lowest point since 2009. Meanwhile, the number of people working in manufacturing hit its highest level in almost a decade.

Published in Manufacturing

The Federal Reserve’s decision to hold interest rates low disappointed a couple of local economists who say it sends the wrong message about the state of the U.S. economy.

Published in Finance

Perrigo Co. plc’s move in late 2013 to execute a corporate tax inversion and redomicile in Dublin, Ireland after a major European acquisition plays into the hostile takeover effort the corporation now faces from Mylan N.V. The corporate tax inversion essentially made Perrigo an easier target because of Irish takeover laws that offer corporations domiciled there fewer protections, said Sridhar Sundaram, an associate dean of Grand Valley State University’s Seidman College of Business.

Published in Q&A

Heightened construction and manufacturing activity amid falling commodity prices have Paul Isely optimistic about the overall economy’s performance next year. However, the chair of the economics department at Grand Valley State University’s Seidman College of Business says the ever-present talent shortage, international events and the long recovery have left him wondering when the next downturn will occur. He spoke with MiBiz about those opportunities and some headwinds the state and national economies face in 2015.

Published in Crystal Ball

West Michigan’s economy recorded “sustainable slow growth” during January, according to the monthly survey of industrial purchasing managers by economist Brian Long.

Published in In the News

Businesses across Michigan view their future business prospects with a little more optimism than a year ago, although fewer expect to hire additional employees in the next six months, according to the results from a PNC Bank survey.

Published in Economic Development
Sunday, 20 January 2013 22:19

Most outlooks project slow growth in 2013

Economic outlooks and survey results generally view West Michigan’s economy and employment growth as plodding along with the nation for the first half of 2013, then picking up during the latter months of the year.

 

Published in Finance

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