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Central West Michigan Economy Lost Steam Heading into 2013
Following a slight decline in employment in the third quarter, payrolls fell by another 2.1 percent annualized in the fourth quarter in the Central West Michigan region. A revitalized auto...
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Central West Michigan Outlook Moderately Positive
Labor and income data for Central West Michigan were mixed in Q2. Payroll employment was up 1.3 percent year over year in Q2. Household employment increased, yet was outpaced by growth of the labor...
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Central West Michigan’s Economy Continues to Improve
Auto-related and furniture manufacturing industries are the mainstays of the Central West Michigan economy. Healthcare, biotechnology, higher education, and high-tech industries also contribute...
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Central West Michigan’s Economy to Improve Moderately
The Central West Michigan (CWM) area created about 29,500 nonfarm payroll jobs in 2013, of which more than 64 percent were in the Grand Rapids metro area. CWM private businesses created more than 3,550...
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Central West Michigan Continues to Grow Moderately
The Central West Michigan (CWM) region, with auto, manufacturing, services, and furniture industries as the major drivers of the economy, comprises about 24 percent of the total nonfarm payroll jobs in...
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Central West Michigan’s Economy Continues to Improve
The Central West Michigan (CWM) region, home to auto, manufacturing, and office furniture industries, grew better than expected, especially in the second quarter of 2014. Payroll jobs were up by 2.7...
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Central West Michigan Boosted by Grand Rapids
The Central West Michigan economy is supported by the surprising strength of Grand Rapids. Grand Rapids was recently ranked as the fifth fastest growing city in terms of per capita growth from 2010 to...
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Central West Michigan Revving up for Summer
As Michigan emerges from a tough and long winter, the state economy is improving. While the strong dollar has started to hit manufacturers’ export sales, vehicle demand remains firm and near its...
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Central West Michigan Benefits from Mid-Cycle Economy
As automobile sales hit cyclical highs, the Central West Michigan labor market is peaking. Since the end of 2009, the unemployment rate for the region has contracted by an average of one-third of one...
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Central West Michigan Sees Firming Labor Markets
A study by All Property Management recently found Grand Rapids to be one of the best rental markets in the nation. Looking at the data, this is not a surprise. The vacancy rate of rental units in the...
View ArticleCentral West Michigan Is Feeling Some Lift
Central West Michigan’s unemployment rate of 8.2 percent in 3Q2011 was well below Michigan’s overall rate of 9.8 percent as of November and the national rate of 8.6 for that month. This does mask...
View ArticleCentral West Michigan Benefits from Manufacturing Boost
Central West Michigan’s unemployment rate of 6.9 percent in February is well-below the February state-wide rate of 8.8 percent, as well as the March national rate of 8.1 percent. And while Ann Arbor...
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Central West Michigan Boosted by Auto Production
Central West Michigan’s unemployment rate fell to 6.5 percent for the second quarter of 2012, considerably below the June state-wide rate of 8.6 percent, as well as the July national rate of 8.3...
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Central West Michigan Supported by Vibrant Ann Arbor
Improvement in Central West Michigan’s unemployment rate stalled in the third quarter, as unemployment rose 0.2 percentage points to 6.7 percent. Even so, the region’s unemployment rate remains...
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Central West Michigan Catching National Attention
According to Forbes Magazine, Grand Rapids is the top city in the country to invest in housing for 2016. Forbes cited strong population and employment growth as support for the city’s spot. The area is...
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Central West Michigan Enjoying Cyclical Peaks
Michigan is enjoying widespread prosperity, as prolonged strength in automobile sales and the broader manufacturing complex has acted as a great stabilizing force in the state. It is widely understood...
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