Economy

LANSING, MI -- Personal income in Michigan rose 4 percent in 2014, but Michiganders still lag behind those in other states on income per capita. That's according to the U.S. Department of Commerce's Bureau of Economic Analysis, which released its report on personal income by state this week. (MLive)

LANSING, MI -- The state's unemployment rate in January clocked in at 6.3 percent, down a tenth of a percentage from December's rate of 6.4 percent. The numbers come from the Department of Technology Management and Budget, which tracks the state's unemployment numbers over time. The January 2015 unemployment rate was significantly lower than the unemployment rate in January 2014, which was 7.9 percent. (MLive)

WMUK

A survey of Michigan employers suggests more hiring is in store this year.

The Business Leaders for Michigan survey quizzes some of the state’s largest employers, representing about a third of the state’s economy. It finds more than half are optimistic about prospects for the next six to 18 months, says BLM’s Kelly Chesney.

“They’re feeling optimistic because the economy is growing again,” she says. “We’re seeing lower energy costs. These all translate into a growing confidence for our employers.”

WMUK

Unemployment rates have dropped in all of Michigan's labor markets over the last year. 

President says increase in sales shows auto rescue was the right move

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