Area Economy

A look at local, regional, national and international trends.

ARTICLES

Put a compensation policy in place to avoid headaches

August 29, 2014
When we do compensation consulting, we usually start with asking about the organization’s compensation philosophy. Read More

Healthy backlog signals rebound in construction industry

August 22, 2014
The Construction Backlog Indicator produced by Associated Builders and Contractors reached an all-time high in the second quarter of 2014. Read More

Slow growth is better than no growth for West Michigan

August 15, 2014
Much as it has been for the past five years, slow growth continues to be the trend in the West Michigan economy. Read More

Despite a spring revival, retailers are leery of fall sales

August 8, 2014
LANSING — Michigan’s retail industry rang up its best sales performance in more than three years during June, according to the Michigan Retail Index, a joint project of Michigan Retailers Association and the Federal Reserve Bank of Chicago. Read More

Michigan in middle of the pack among U.S. exporters

August 1, 2014
The latest numbers on trade around the world show that in the first five months of 2014, the value of world merchandise exports rose 2 percent to $4.5 trillion from the same period in 2013. Read More

The key to being successful is adapting and evolving

July 25, 2014
“Your skills suck.” That’s not something you would actually expect to say during an interview. Read More

Optimism fades as slow economic growth continues

July 18, 2014
Slow growth continues. That’s the latest word on the West Michigan economy, according to the data collected during the last two weeks of June. Read More

Retail forecasts on the rise despite sluggish sales

July 11, 2014
LANSING — Michigan retailers’ outlook rose to its most optimistic level in more than nine years in May, following sluggish sales that didn’t keep pace with April’s post-winter surge, according to the Michigan Retail Index, a joint project of Michigan Retailers Association and the Federal Reserve Bank of Chicago. Read More

Lethargic global economy leaves its mark on Michigan

June 27, 2014
Robust economic growth around the world translates to strong foreign demand for American goods, which via exports contributes significantly to Michigan's economic development and job creation. Read More