According to new government data, the recession in Michigan ended last year. UM Economist Donald Grimes says even though our economy saw its best growth in 8 years, consumers are still apprehensive.
The Department of Labor released May unemployment figures, which show an increase in unemployment to 16.5% for Americans ages 18-24.
Metro Detroit drivers lost 33 hours a year to traffic delays, according to the study. That is down from 42 hours in 2006 and 2007.
Congress sent President Barack Obama sweeping, bipartisan legislation to avoid a Jan. 1 spike in income taxes for millions and renew jobless benefits for victims of the worst recession in 80 years.
Fewer people applied for unemployment benefits last week than in any week since July, a hopeful sign that the job market is improving. Still, economists cautioned that the trend would have to continue for several […]
President Barack Obama says consumers would lose if Republicans regain power in Congress and try to roll back his hard-won Wall Street overhaul.
Battered by the downturn, America’s suburbs are bearing the brunt of poverty that has climbed to near-historic levels, creating strains on dwindling safety-net programs focusing mostly on the inner-city poor.
If you don’t like the economy, blame President Barack Obama and Democrats because they’re making times tougher, Republicans are telling voters entering the four-week homestretch to an election the GOP hopes will return the party […]
Federal Reserve policymakers are wrestling with what additional steps – if any – should be taken to strengthen the plodding economy and drive down near double-digit unemployment.
President Barack Obama said Monday he doesn’t care that the Great Recession has been declared over by a group of economists. For the millions of people who are out of work or otherwise struggling, he […]