News Summary Howard Miller Co., a prominent clock and furniture manufacturer in Zeeland, Michigan, will close down after nearly a century in business. The decision affects around 195 employees and is attributed to rising tariffs, interest rates, and a weak housing market. While the company will phase out operations by
News Summary In the week ending July 5, 2023, Michigan’s unemployment claims surged to 15,581, marking a 130% increase from the previous week. The rise is primarily attributed to seasonal automotive manufacturing plant shutdowns. The state’s overall unemployment rate has now risen to 5.4%, exceeding the national average. Job losses
News Summary TerrAscend Corp. has announced its exit from the Michigan cannabis market, resulting in over 230 layoffs and plans to divest all Michigan assets, including four cultivation facilities and 20 retail stores. This decision reflects the challenges in the Michigan cannabis market, including market oversupply and declining prices. While
News Summary TerrAscend Corp has announced its exit from the Michigan cannabis market, affecting 20 dispensaries and over 240 employees. This strategic move is part of a broader workforce reduction of 21% across the company. The decision comes as sales in Michigan decline and the company redirects focus to more
News Summary Initial unemployment claims in Michigan have surged to 6,748, marking a troubling trend amidst a decline nationwide. This increase follows a significant spike in early May and is influenced by notable layoffs in sectors like manufacturing and food services. Even as the national claims decrease, Michigan’s unemployment rate
News Summary Initial unemployment claims in Michigan declined to 5,939 last week, showing signs of potential stabilization in the labor market. This decrease follows a sharp spike in early May, when claims rose by nearly 130%. While claims have hovered around 6,000 for months, upcoming changes to unemployment insurance laws
News Summary Michigan’s unemployment rate decreased slightly from 5.5% in April to 5.4% in May, yet it ranks 49th among states, with job losses particularly in manufacturing. Although a slight drop occurred, economic forecasts suggest continued struggle with unemployment due to various challenges. Comparisons with other states show Michigan’s rate
News Summary In Michigan, seven companies have announced significant layoffs affecting approximately 700 workers this month. The workforce reductions stem from acquisitions and operational consolidations, complying with the WARN Act. Among the affected, LACROIX Electronics and Flagstar Bank stand out with considerable job cuts. The layoffs highlight broader trends in
News Summary TORC Robotics and Pro Services are set to generate 750 new jobs in Michigan, supported by an $18 million investment. Governor Gretchen Whitmer announced these initiatives, highlighting a new engineering center in Ann Arbor and an expansion in Kalamazoo County. The local EV sector is also progressing, with
News Summary Michigan Works Berrien, Cass, Van Buren has been awarded $2.26 million in grants from the Going PRO Talent Fund to support training for 1,097 workers in Southwest Michigan. The funding will assist 40 local employers in enhancing workforce skills and economic resilience. Training programs will include classroom instruction
