Economy

Economy
9:48 am
Mon January 26, 2015

Gas prices edge up slightly

DEARBORN, MI (AP)--   AAA Michigan reports statewide gas prices have increased by about 3 cents a gallon within the past week. 

The auto club says the average price per gallon of self-serve regular unleaded gasoline was about $1.96 on Sunday. That's about $1.35 less than it was a year ago.

It marks the fourth consecutive week the statewide average price has remained below $2.

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Economy
9:43 am
Fri January 23, 2015

WI jobless rate steady

MADISON, WI (AP)--   Wisconsin's unemployment rate remained at 5.2 percent in December, unchanged from November.

The Wisconsin Department of Workforce Development reported Thursday that the state added 7,600 private sector jobs from November to December.

The unemployment rate is Wisconsin's lowest since the economic crash in September 2008. The national unemployment rate was 5.6 percent in December.

Reggie Newson, secretary of the Department of Workforce Development, says the latest figures show a "trajectory of job growth in Wisconsin."

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Economy
11:33 am
Thu January 22, 2015

State jobless rate keeps falling

LANSING, MI (AP)--   Michigan's seasonally adjusted unemployment rate continues its rapid decline, falling 0.4 percentage points to 6.3 percent in the latest month to the lowest level in 12 years.

The state Department of Technology, Management & Budget announced December's job figures Wednesday. Last month's rate compares with 6.7 percent in November, 7.1 percent in October and 8.3 percent in December 2013.

Michigan's unemployment rate still tops the national rate, which fell 0.2 points to 5.6 percent in December.

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Economy
9:54 am
Tue January 20, 2015

Foundation giving millions to Detroit

DETROIT, MI (AP)--   The Ford Foundation is pledging $10 million in grants to Detroit for 2015. 

The New York-based foundation provided $125 million to the "Grand Bargain," a more than $800 million bailout by the state of Michigan, foundations and philanthropists to prevent the sale of valuable city-owned art and avert deeper pension cuts as part of Detroit's bankruptcy.

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Economy
10:47 am
Mon January 19, 2015

Price of gas continues to fall

DEARBORN, MI (AP)--   AAA Michigan reports statewide gas prices have declined by about 2 cents a gallon within the past week. 

The auto club says the average price per gallon of self-serve regular unleaded gasoline was about $1.92 on Sunday. That's about $1.36 less than it was a year ago.

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