Economy

Economy
9:57 am
Mon September 22, 2014

Price of gas falls 13 cents

DEARBORN, MI (AP)--   AAA Michigan says gasoline prices in the state fell about 13 cents in the last week, totaling a 25-cent drop over the past two weeks.

The auto club says that the average price per gallon of self-serve regular unleaded gasoline was $3.36 on Sunday. That's about 22 cents less than it was one year ago.

Dearborn-based AAA Michigan surveys fuel costs at 2,800 Michigan gas stations daily. It says the cheapest average price was $3.23 a gallon in the Lansing and East Lansing area, and the most expensive was $3.56 in the Marquette area.

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Economy
9:56 am
Fri September 19, 2014

Median incomes up slightly in MI

WASHINGTON, D.C. (AP)--   The U.S. Census Bureau says household incomes in Michigan rose 1.7 percent in 2013 after years of decline. 

Census data released Wednesday show the percentage of Michigan residents living in poverty was the same as in 2012, at about 17 percent. The share dropped slightly for children, to 23.8 percent.

Median household income rose to about $48,300 in 2013 from $47,450 in 2012. The median was about $54,500 in 2006, before the recession.

The poverty line is an income of $23,550 for a family of four.

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Economy
9:18 am
Thu September 18, 2014

MI jobless rate drops to 7.4 percent

LANSING, MI (MPRN)--   Michigan’s monthly unemployment rate has dropped by 0.3 of a percentage point to 7.4 percent.  

The drop in the jobless rate was due mostly to fewer people in the workforce competing for jobs. The state Bureau of Labor Market Information says rain and heavy flooding in metro Detroit last month may have curtailed many people’s job searches.

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Economy
10:02 am
Mon September 15, 2014

Gasonline prices dip more than a dime

DEARBORN, MI (AP)--   AAA Michigan says gasoline prices in the state fell about 12 cents in the last week.

The auto club says that the average price per gallon of self-serve regular unleaded gasoline was $3.49 on Sunday. That's about 6 cents less than it was one year ago.

Dearborn-based AAA Michigan surveys fuel costs at 2,800 Michigan gas stations daily. It says the cheapest average price was $3.37 a gallon in the Traverse City area, and the most expensive was $3.57 in the Marquette area.

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Economy
11:43 am
Mon September 8, 2014

Gas prices up a smidge

DEARBORN, MI (AP)--   AAA Michigan says gasoline prices in the state rose about 2 cents in the last week.

The auto club says that the average price per gallon of self-serve regular unleaded gasoline was $3.62 on Sunday. That's about 4 cents less than one year ago.

Dearborn-based AAA Michigan surveys fuel costs at 2,800 Michigan gas stations daily. It says the cheapest average price was $3.42 a gallon in the Traverse City area, and the most expensive was $3.68 in the Jackson area.

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