Michigan market trends

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Overview of Michigan's job market depicting various sectors
Michigan Business News

Michigan’s Job Market Faces Challenges in January 2024

News Summary Michigan’s job market experienced fluctuations in January 2024, with the unemployment rate rising slightly to 5.3%. Despite the increased jobless rate, total employment rose by 6,000, indicating a complex labor landscape. The state saw mixed trends in various sectors, with growth in education and health services but losses

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City of Rochester Hills with automotive industry background
Michigan Business News

Rochester Hills Faces Economic Jitters from Tariffs

News Summary Rochester Hills, Michigan, is on edge as Mayor Bryan Barnett warns of potential economic consequences due to new tariffs imposed by President Trump. The 25% tariff on imports from Canada and Mexico poses a significant threat, particularly for the city’s auto industry that heavily relies on cross-border trade.

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