Gabriel Ehrlich News Today

Over the next several years, Detroit is expected to outperform a slowing national economy and see falling unemployment, rising wages and an expanding labor force. That’s according to a …

Detroit is likely to experience falling unemployment, rising wages and an expanding labor force in the years ahead despite a slowing national economy and the lingering risk of a recession in the near term.

The Detroit Economic Club event included the unveiling of a Michigan Economic Outlook forecast for 2024.

The state’s top financial experts and economic forecasters had mostly good news for Michigan heading into the new year, predicting a $418 million surplus for the current fiscal year and a relatively stable economy.

As climate factors bring a warmer winter to Michigan, the state sees long-standing skiing and dog sled racing traditions at risk.

The national debt of the United States surpassed $33 trillion on Sept. 18, 2023, and it will continue to grow for the foreseeable future.

Signs are popping up of a national economic slowdown, but Michigan’s workforce continues to grow and diversify, making the state less vulnerable than many others to a downturn, University of Michigan economists predict.

A long and expanding strike will reduce the number of new cars on dealer lots, make it harder for people to repair their vehicles and reduce demand for parts needed to make new vehicles

Prolonged and expanding strikes by the United Automobile Workers union could hurt drivers, car dealers and auto parts suppliers.

President Bidens appearance alongside striking union workers appears to be unprecedented, according to labor historians.