There will be no shutdown of state government this year as state lawmakers have put the finishing touches on this year’s budget, about three months ahead of the deadline.
According to the Bureau of Labor Statistics, Michigan registered the largest jobless rate decrease from April 2011 to April 2012, decreasing 2.2 percent from 10.5 percent to 8.3 percent.
The Detroit and Monroe regions showed the largest monthly increases in unemployment.
Comerica Bank’s Michigan Economic Activity Index rose seven points in January, up to a level of 98.
Comerica Bank’s Michigan Economic Activity Index was flat in November, unchanged at a level of 88.
The latest meeting and event notices from Michigan’s technology-focused companies and institutions
Spending was cut and taxes on individuals raised by a similar amount to keep the budget in balance.
The Michigan economy appears poised to continue its recovery, although full economic health is still well in the distance, say University of Michigan economists.
Comerica Bank’s Michigan Economic Activity Index ticked up one point in August, to a level of 87.
Charles Ballard, a professor of economics at Michigan State University, will discuss “Michigan’s Economic Future: Cultivating a More Skilled Workforce” for the Harold Hotelling Memorial Lecture on Monday, Oct. 24, at 7:30 p.m. at Lawrence Technological University, 21000 West Ten Mile Road, Southfield.