Michigan job market

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Symbolic representation of Michigan's increased unemployment benefits.
Michigan Business News

Michigan Increases Unemployment Benefits for Residents

News Summary Michigan has announced an increase in unemployment benefits for nearly 48,000 residents facing financial difficulties. The raised weekly benefit from $362 to $446 is part of a significant legislative reform aimed at providing support to unemployed workers. Eligible claimants will soon receive back payments totaling $34 million, reflecting

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Residents discussing Michigan unemployment benefits changes
Michigan Business News

Michigan Residents to Receive Retroactive Unemployment Payments

News Summary In a pivotal move, Michigan Governor Gretchen Whitmer signed a law providing nearly 48,000 residents with retroactive unemployment payments totaling about $34 million. Effective January 1, 2024, weekly benefits increase from $362 to $446. The Michigan Unemployment Insurance Agency has started adjusting claims, with payments set to follow

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A lively retail scene depicting consumers shopping amid vibrant displays.
Michigan Business News

Consumer Sentiment in the U.S. Sees Modest Improvement

News Summary Consumer sentiment in the U.S. rose by 1.8% in July 2023, reaching its highest level since February. The improvement indicates a more positive outlook on the economy, driven by decreasing inflation expectations and resilient retail spending. However, concerns about inflation persist as consumers remain cautious. Overall, the findings

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Aerial view of Michigan land designated for a semiconductor manufacturing facility.
Michigan Business News

Sandisk Cancels $63 Billion Michigan Semiconductor Project

News Summary Sandisk Corporation has canceled plans for a semiconductor manufacturing facility in Mundy Township, Michigan, a decision that could eliminate nearly 10,000 jobs. Governor Gretchen Whitmer cited national economic uncertainty as a primary reason for the withdrawal. The project was expected to invigorate Michigan’s economy, having allocated significant state

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Diverse group of people concerned about healthcare costs outside a hospital.
Michigan Business News

Michigan Insurers Propose Record Premium Rate Increases for 2026

News Summary Michigan health insurers, including Blue Cross Blue Shield and UnitedHealthcare, are seeking record rate increases for individual and small group plans in 2026. Proposed hikes average 16.8% for individuals and 11.1% for small groups, primarily due to rising healthcare utilization and the expiration of premium tax credits. This

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Gas stations in Michigan displaying price changes
Michigan Business News

Gas Prices in Michigan Surge Again

News Summary Gas prices in Michigan have risen by 12 cents this week, averaging $3.27 per gallon. This increase reflects a 16-cent rise from last month but is still lower than last year’s prices. Motorists are now spending around $49 to fill a typical 15-gallon tank. While Michigan’s prices are

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Image of the WK Kellogg factory in Battle Creek, Michigan
Michigan Business News

WK Kellogg Co. Set for Major Acquisition by Ferrero SpA

News Summary WK Kellogg Co., based in Battle Creek, Michigan, is poised to be acquired by Italian confectionery company Ferrero SpA for an estimated $3.1 billion. This acquisition could significantly impact the cereal and snack industry, driving WK Kellogg’s stock price up more than 50% in after-hours trading. The move

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Empty assembly line in a factory representing job losses in West Michigan.
Michigan Business News

Job Losses in West Michigan as Key Manufacturers Close

News Summary West Michigan is bracing for significant job losses as Howard Miller, a historic clock manufacturer, announces plans to close, affecting approximately 195 employees. MillerKnoll is also set to shut down a facility, reallocating jobs, while the parent company of Marshall Excelsior plans to close three locations, impacting 71

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Empty automotive manufacturing assembly lines during seasonal shutdown in Michigan.
Michigan Business News

Michigan Unemployment Claims Surge by 130%

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

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Abandoned cannabis dispensaries in Michigan
Michigan Business News

TerrAscend Corp. to Close All Michigan Dispensaries

News Summary TerrAscend Corp. will close its 20 dispensaries and four cultivation facilities in Michigan, leading to the layoff of 236 employees. The company’s decision, driven by market challenges and a significant operational evaluation, marks a 21% reduction in its workforce. As sales of recreational cannabis decline, TerrAscend plans to

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