Auto | Michigan Radio
WUOMFM

Auto

Cover of the report Executive Excess 2010: CEO Pay and the Great Recession
IPS

A report from the Institute for Policy Studies looked at CEO compensation from the 50 companies that layed off more workers during the recession. They found the CEOs at these companies are paid more, on average, than the average pay for the CEOs running to top 500 companies in the U.S. (S&P 500).

Sarah Anderson is the lead author of the report.  She says,

"CEOs are squeezing workers to boost short-term profits and fatten their own paychecks."  

The unemployment picture in Michigan is still bad. It stands at 13.1% now. The worst it's been since the early 1980's.

Now, a new report by the Michigan League for Human Services puts the long-term unemployment picture into perspective.  In 2000, people unemployed for more than 26 weeks, accounted for 6.5% of the total number of unemployed. Today, the long-term unemployed account for 40.8% of the unemployed.

The report says,

Ford's River Rouge Plant in Michigan
Rob Goodspeed / Creative Commons

The Mackinac Center for Public Policy posted a story about job growth in Michigan. James Hohman cited stats from the Bureau of Labor Statistics that showed Michigan posted 27,800 new jobs for July.  More than any other state in the country. Hohman writes:

Developers in Benton Harbor hope a new resort and Jack Nicklaus signature golf course will improve the economically depressed city. But plans call for three of the golf holes to be built inside Jean Klock Park, next to Lake Michigan beachfront. Activists hoping to save the park have sued in federal court, but construction at the park is underway. Officials with Harbor Shores Redevelopment say they are not building the golf course holes, but instead are working on park improvements as part of a lease agreement with the city.

Pages