Economy

"WASHINGTON — President Barack Obama today announced he will nominate Kathryn Dominguez, 54, an economics and public policy professor at the University of Michigan, to join the Board of Governors of the Federal Reserve System." (Detroit Free Press)

Melissa Benmark / WKAR

Michigan’s monthly jobless rate is unchanged at 5.5 percent. That’s well below the 7.1 percent rate from this time a year ago. 

WMUK

Unemployment in both the Kalamazoo and Battle Creek labor markets was down over one-percent in May, compared to year ago levels. 

WMUK

Michigan’s unemployment rate edged upward very slightly since last month to 5.5 percent. That’s still one and eight-tenths of a percentage point below where the jobless rate was at this time last year. 

Robbie Feinberg

Holland’s Westshore shopping mall has had a rough past decade or so: foreclosures, mismanagement, fleeing tenants. To top it off, consumers appear to be moving away from big, enclosed malls like Westshore. Now, one developer is trying to transform the property by flipping it inside out.


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