Here in Michigan, the state has invested over $21 billion in clean energy projects, and nearly 16,000 new, good-paying jobs have been created since the IRA’s passage.
The largest gains were seen in health care (+63,000), social assistance (+24,000), financial activities (+19,000), construction (+19,000), and leisure and hospitality services (+17,000).
Despite the rise in unemployment rate, the nation’s total nonfarm payroll employment increased by 339,000 jobs.
The national unemployment rate dropped from 3.6 percent in February to 3.5 percent in March.
Detroit business owner Joyell Lewis on Thursday applauded the launch of the new $10 million Michigan Economic Opportunity Fund (MEOF), a microbusiness loan program for women and entrepreneurs of color in Michigan, led by Michigan Women Forward (MWF).
On Friday, March 10, the Bureau of Labor Statistics published a report which included preliminary national unemployment numbers for February.
The US Bureau of Labor Statistics (BLS) reported that 80 percent of jobs lost since the start of the pandemic have been recovered.
Governor Whitmer has secured a $7 billion deal with General Motors that will make Michigan the seat of their electric vehicle (EV) production.
As President Joe Biden continues to push for his stalled “Build Back Better” legislation, White House and Michigan officials spoke Friday on a virtual panel highlighting the ways in which the administration’s policies have impacted Michigan directly in the runup to the midterm elections.
The Biden administration on Friday announced that it had updated the rules for implementing the provisions of the Buy American Act of 1933 “to ensure taxpayer dollars create good-paying jobs here at home, strengthen critical supply chains, and position U.S. businesses to compete in strategic industries.”