Economy

Economy
10:22 am
Tue June 30, 2015

More Michiganders to travel for 4th

DEARBORN, MI (AP)--   AAA Michigan says about 1.4 million state residents are expected to travel this Fourth of July, the most since 2007. 

The Dearborn-based auto club says its projections are for Michigan residents traveling 50 miles or more from home between Wednesday and Sunday. The number of travelers would be a 0.7 percent increase over last year's total.

According to AAA Michigan, about 88 percent of Michigan travelers are expected drive to their destinations. About 63,000 people are projected to travel by air.

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Economy
10:18 am
Mon June 29, 2015

Price of gas remains steady

DEARBORN, MI (AP)--   AAA Michigan says gas prices statewide have gone relatively unchanged over the past week. 

The Dearborn-based auto club says the average price for self-serve regular unleaded gasoline was about $2.88 per gallon on Sunday. That's about $1.01 less than a year ago.

AAA Michigan surveys daily fuels prices at 2,800 gas stations across the state. The lowest average price was about $2.70 per gallon in the Marquette area, while the highest average was about $2.97 in the Ann Arbor area.

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Economy
11:16 am
Fri June 26, 2015

Summer workforce drives unemployment up

LANSING, MI (AP)--   The state says Michigan's seasonally unadjusted unemployment rate rose 1.1 points to 5.9 percent in May as a large number of people entered the workforce for the summer. 

The Michigan Department of Technology, Management & Budget released state and regional employment figures Thursday. The statewide rate is down 1.6 points from 7.5 percent in May 2014.

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Economy
10:16 am
Mon June 22, 2015

Gas prices decline

DEARBORN, MI (AP)--   AAA Michigan says gas prices statewide have gone down by 8 cents over the past week. 

The Dearborn-based auto club says the average price of self-serve regular unleaded gasoline was about $2.87 per gallon on Sunday. That's about $1 less than prices at the same time last year.

AAA Michigan surveys daily fuel costs at 2,800 gas stations across the state. The lowest average price was about $2.73 per gallon in the Marquette area, while the highest price was about $2.95 in the Detroit area.

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Economy
10:05 am
Thu June 18, 2015

Number of MI unemployed rises

LANSING, MI (AP)--   The state's seasonally adjusted unemployment rate inched up a bit last month as more people re-entered the job market. 

The Michigan Department of Technology, Management and Budget says the labor force rose in May by one-tenth of a percentage point to 5.5 percent.

The numbers of unemployed increased by 7,000.

Director of the Bureau of Labor Market Information and Strategic Initiatives Jason Palmer says "more potential workers entered the labor force than is typical for May" and that "payroll jobs recorded a significant gain over the month."

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