Displaying items tagged: University of Michigan
Outlook predicts Michigan employment will recover to pre-pandemic levels by mid-2024
University of Michigan economists remain confident that the state’s economy will hold up well over the next two years, even as U.S. economic growth slows and a potential mild recession looms.
U-M economists expect auto sales to shield Michigan from mild U.S. recession in ‘23
University of Michigan economists expect the U.S. economy to move into a mild recession in the second half of 2023, as rising interest rates drag on growth.
Next-gen ag producer seeds future growth in deal for West Michigan greenhouse
WYOMING — A national company at the forefront of next-generation agricultural practices is putting down roots in West Michigan after being lured to the region in part by its legacy of manufacturing innovation.
University of Michigan economists expect job growth to ease as interest rates continue to rise
Job growth in Michigan will ease through 2023 as the U.S. economy slows as a result of rising interest rates intended to tame inflation.
Economists forecast slowed economic growth through 2023
University of Michigan economists expect the U.S. economy to experience a “very mild decline” the rest of this year before slowing to near zero growth in 2023.
Local wind and solar jobs can counteract losses at retiring coal plants, U-M study finds
The wind and solar industries could fully replace the number of lost jobs at U.S. coal-fired power plants that are expected to close to meet emission-reduction targets, a recent University of Michigan study has found.
U-M economic outlook shows short-term return to growth; inflation concerns through 2023
University of Michigan economists expect second-quarter growth for the U.S. economy, although momentum may wane in the latter half of the year as interest rates rise.
Reporter’s Notebook: West Michigan balances lagging wages with regional amenities
If it’s money that matters most when people look for work or to relocate for a new job, then West Michigan may be at a disadvantage in competing for the coveted talent needed to drive economic growth.
Economists forecast ongoing statewide rebound in 2022
Michigan’s economy and jobs are expected to continue to recover in 2022 from the deep downturn last year resulting from the COVID-19 pandemic.
Bank M&A expected to surge next year after pandemic lull
The new year could bring a continued acceleration of M&A in the banking industry.
West Michigan economy maintains growth despite labor woes, according to outlook
West Michigan’s economy remains strong heading for the end of 2021 with expectations for continued growth in 2022, according to a new outlook from The Right Place Inc.
Health care officials issue warnings as unvaccinated, deferred care patients push capacity
Health systems and emergency medical service agencies in a 13-county region of West Michigan say they are at a “tipping point” from high patient volumes.
$15M donation to expand Calvin University health care education, partnerships
GRAND RAPIDS — Forming a new school with the backing of a $15 million gift from an anonymous donor will enable Calvin University to elevate academic programs in health care.
Calvin University to form School of Health with $15 million donation
GRAND RAPIDS — Calvin University plans to form a school of health following a $15 million gift from an anonymous donor, the university announced today.
Biz, health care advocates promote vaccines to ensure economic recovery
As the number of COVID-19 cases and hospitalizations steadily rise in Michigan, business and health care advocates say getting more people vaccinated remains paramount to ending the pandemic and avoiding further economic damage.
Delta variant, microchip shortage to stall Michigan economy through 2021, according to University of Michigan economists
Michigan’s economy will feel the effects through the rest of 2021 from the coronavirus delta variant and the ongoing computer microchip shortage that’s been hindering automotive production, according to University of Michigan economists.
NCAA rule change brings newfound revenue streams for student-athletes
Keith Mitchell recalled a time during his football playing days at the University of Michigan when he and other players volunteered at a football camp in the Detroit area. The coach hosting the camp charged hundreds of dollars per participant and drew a crowd of roughly a thousand.
Peters’ legislation attempts to create unified federal strategy, advocacy for manufacturing
U.S. Sen. Gary Peters foresaw the pain points the country’s manufacturers would encounter during the COVID-19 pandemic and he’s actively pushing legislation he thinks could make the industry more resilient.
Open-heart surgery partnership could spur more collaboration between Metro, Mercy
Anew partnership for open-heart surgery could provide a broader base for Metro Health-University of Michigan Health and Mercy Health to further collaborate on specialized medical care in the years ahead.
‘Game-changer’ partnership to bring new open-heart surgery program to West Michigan
Metro Health-University Michigan Health plans to launch open-heart surgery within a year through a new partnership with Mercy Health.
Survey of Michigan business executives shows growing economic optimism
A growing number of business executives anticipate higher employment and capital investments over the next six to 12 months as post-pandemic economic outlooks are increasingly optimistic, according to a recent survey by Business Leaders for Michigan.
Hospitals prepare for COVID-19 vaccine distribution
As they manage the ongoing surge of COVID-19 patients, hospitals are preparing to receive and distribute vaccines that could ease and eventually bring an end to the pandemic.
University of Michigan economists predict additional stimulus by the end of the year
University of Michigan economists expect Congress to pass further federal stimulus packages during the lame-duck session and in early 2021 as pressure for relief mounts during a nationwide COVID-19 surge.
Great Lakes trade center helps manufacturers compete with imports
More than five years ago, Avio-Tech Ltd. quoted a project to produce control panels and components for industrial conglomerate Textron Inc.
Economists predict gradual economic recovery, though slower for some sectors
Economic conditions for Michigan and across the U.S. should keep improving through 2020 and into 2021, according to recent outlooks.
GLIAC latest in slew of fall college sports cancellations
The Great Lakes Intercollegiate Athletic Conference (GLIAC) is the latest college sports league to scrap fall sports this year out of concerns over the transmission of COVID-19.
Office furniture makers find ways to promote products without NeoCon
A week that was supposed to be bustling with news and information on new office furniture products and innovations in the world of commercial design will be a lot more reserved.
SBA turns focus to PPP loan forgiveness
After approving more loans in six weeks than during the prior nearly 60 years combined, the U.S. Small Business Administration now looks to provide debt forgiveness to borrowers.
Higher ed leaders plan for fall, respond to budget setbacks
Leaders at public universities, community colleges and private schools across Michigan are getting a clearer picture of their budget shortfalls resulting from COVID-19, but uncertainty still clouds enrollment prospects and future in-person learning.
Longer recession predicted without federal support for state, local budgets
University of Michigan researchers told state officials at this month’s revenue estimating conference they anticipate a gradual economic recovery in the next few years, resulting in an unemployment rate of 6.8 percent by the end of 2022.