Tagged: jobs

There are people who lose their jobs during the best of times, and those who are wildly successful even during a depression.

But what really matters is the overall trend. When you look at that, and at a flurry of new numbers that came out yesterday, it seems clear that Michigan is in fact doing better than a year ago.

No, there is no huge boom, and there are sobering indications that we still need to reinvent our economy. But the news is better than last year. The seasonally adjusted unemployment rate fell last month to eight point three percent. That isn’t great. But a year ago, it was over ten percent.

New technology jobs are coming to Detroit.

Quicken Loans founder and chairman Dan Gilbert has been buying buildings and looking for technology tenants as part of a business he co-founded with Earvin "Magic" Johnson, and  Brian Hermelin called Detroit Venture Partners LLC.

In a promotional video, Detroit Ventures Partners say their goal is to transform Detroit.

"This is our time to turn a crumbled city into a new beacon of hope."

But the self-proclaimed "creative business builders" and "street-fighters" are having a tough time finding talent in Michigan.

The Detroit News reports today Quicken Loans and other tech companies are looking to fill positions with people from out of state.

Online mortgage company Quicken Loans Inc., looking to fill more than 300 information technology positions, has taken its search outside Michigan to find qualified candidates. The Detroit-based company recently launched a website aimed at recruiting laid-off Yahoo workers.

GalaxE.Solutions, a project management firm known for its "Outsource to Detroit" banner on its Woodward Avenue building, has stumbled trying to fill 500 IT jobs.

"There is a shortage nationwide of good IT talent," said Ryan Hoyle, director of global recruiting for GalaxE, which has 150 IT workers in Detroit and hopes to add 350 in the next few years. "There just aren't a lot of top students going into IT."

Michigan's Bureau of Labor Market Information & Strategic Initiatives lists several IT jobs on its Michigan's Hot Jobs List. These are "high demand and high wage" careers in Michigan that are expected to continue to be in demand through 2018.

GRAND RAPIDS, Mich. (AP) - Hostess Brands Inc. has notified state officials it may have to lay off about 380 Michigan workers as part of its plan to get out of bankruptcy. Possible cuts include 70 jobs in Detroit and 65 in Troy. Hostess filed for Chapter 11 protection in January.

Despite a tough state economy, people in Michigan are better able to move up the economic ladder than people in almost every other state. That's according to a report released by the Pew Research Center today.

The study found overall economic status doesn't change much over people's lives.

Erin Currier is from the Pew Center. She says the study did not look at why certain states did better than others. But she says there are some general lessons.

“Certain drivers of mobility are extremely powerful and those drivers include things like educational attainment, savings and asset building, and neighborhood poverty during childhood among others,” Currier.

The study found states with the most economic mobility are New York, New Jersey and Maryland.

National unemployment numbers released this morning

The Bureau of Labor Statistics released unemployment numbers this morning. The unemployment rate "was little changed at 8.1 percent."

Nonfarm payroll employment rose by 115,000 for the month of April.

As Mark Memmott at NPR's Two-Way blog points out, "the economy needs to add more than 115,000 jobs a month to bring down the unemployment rate." So why the decline?

Mostly because the size of the "civilian labor force" shrank by 342,000 people, to 154.4 million. And the labor force "participation rate" edged down to 63.6 percent from 63.8 percent.

Assesing Michigan's fruit crop, worst in history

The fruit crop in Michigan got bitten by the bizarre weather. High temperatures in March brought the blossoms out, and freezes and frosts in April killed emerging buds.

More from the AP:

Farmers and extension agents say the one-two punch has all but wiped out the tart cherry crop, while other orchard fruits such as sweet cherries, apples, pears and peaches have suffered extensive damage. Juice grapes are another casualty.

Fifty-four-year-old David Rabe of Oceana County says he's been farming nearly all his life and has never seen it this bad. Only his asparagus may survive.

Flooding after rains move through the state

The flooding has caused problems for drivers this morning. Some roads in the Detroit and Flint areas have been closed.

The AP reports that both directions of I-75 at I-696 in suburban Detroit were closed today as the morning rush hour period approached.

A flash flood warning was issued for the Flint area, including Genesee and Shiawassee, counties due to the storm.

The National Weather Service has issued flood advisories, watches and warnings for parts of Michigan's Lower Peninsula following the storms.

More from the Flint Journal:

Hit with more than 5 inches of rain overnight, the county's creeks, streams and drains are swelling as residents cope with their own localized flooding this morning.

The National Weather Service said today that 5.4 inches of rain fell overnight, almost twice as much as the area usually gets in the entire month of May.

"It's bad everywhere," said county Drain Commissioner Jeff Wright. "The whole county got hit pretty well."

The 5.4 inches of rain recorded at Bishop overnight surpassed the total, normal monthly rainfall total for a typical month of May -- 3 inches.

Update 2:50 p.m.

The data was released by the Michigan Department of Technology, Management & Budget (DTMB) this afternoon. Michigan’s seasonally adjusted unemployment rate fell by three-tenths of a percentage point to 8.5 percent

And total employment increased by 21,000 in March, while the number of unemployed declined by 12,000.

The state’s workforce recorded a gain of 9,000 over the month.

“With the March data, Michigan continues to record incremental monthly unemployment rate reductions,” said Rick Waclawek, director of the Bureau of Labor Market Information and Strategic Initiatives.  “During the first quarter of 2012, the number of unemployed in Michigan fell by 37,000.”

1:58 p.m.

Well, Mr. Snyder probably did not send the tweet himself, but his 'people' did.

An unemployment rate of 8.5 percent for March is a .3 percent drop from February, and Snyder is taking credit for the drop by adding the hashtag "#TheReinventionIsWorking."

Even though the unemployment rate has been dropping since it hit a peak of 14.1 percent in August and September of 2009, the overall labor force in Michigan has been dropping - meaning there are fewer people working in the state.

Michigan's total labor force dropped each month from November 2006 (5.08 million people working) to December 2011 (4.63 million people working).

But that recently changed. The overall labor force started to grow again in January 2012, and Snyder indicates that growth continues with the addition 21,000 more jobs.

For an more on how the unemployment rate is calculated, look at my post here.