The Labor Market Remains Strong but Better-Balanced

• Initial claims for unemployment insurance rose by 12,000 to 242,000 in the week ending June 8 and the four-week moving average rose by 5,000 to 227,000. 

• Continuing claims jumped by 30,000 to 1.820 million in the week ending June 1 and the four-week moving average rose by 9,000 to 1.797 million.

Expects Just One Fed Funds Rate Cut This Year

• The FOMC kept the fed funds rate unchanged in a range between 5.25% and 5.50%. 

• The dot plot showed a median of one 25 basis point rate cut this year, compared to a median of three cuts in the previous dot plot.

Core CPI Touches 2.0% Annualized Pace

• Topline CPI was flat in May 2024 in seasonally-adjusted terms 

• Core CPI, less Food & Energy, posted a 0.2% monthly gain in May 2024

Chris Holman welcomes Katherine Japinga, Director of Marketing for the Capital Region Airport Authority, stepping in for CEO Nicole Noll-Williams.

MCSB 2024 Michigan 50 Companies To Watch Awardee, Universal Printing Company

In a lead-up to the 2024 Michigan Celebrates Small Business Gala Celebration, Jeffrey Mosher spoke with several winning companies from this cycle. This year’s gala took place at the Breslin Center in East Lansing, MI, on May 21st! For more details please visit michigancelebrates.org/.

Here, Jeffrey Mosher speaks with Steven and Andrew Budd, Owners, of Universal Printing Company, Bay City, MI, a 2024 Michigan 50 Companies To Watch Awardee winner for this year's cycle of Michigan Celebrates Small Business. Michigan Celebrates Small Business is marking its twentieth year.

MCSB 2024 APEX Accelerator Best Small Business Awardee, 4 Flutes Machining

In a lead-up to the 2024 Michigan Celebrates Small Business Gala Celebration, Jeffrey Mosher spoke with several winning companies from this cycle. This year’s gala took place at the Breslin Center in East Lansing, MI, on May 21st! For more details please visit michigancelebrates.org/.

Here, Jeffrey Mosher speaks with Zack Bishop, President, of 4 Flutes Machining, Vicksburg, MI, a 2024 APEX Accelerator Best Small Business Awardee winner for this year's cycle of Michigan Celebrates Small Business. Michigan Celebrates Small Business is marking its twentieth year.

for First Time Since Early 2022

• Job growth rebounded to 272,000 in May, above expectations. 
  
  
• The unemployment rate increased slightly to 4.0%, the first time it has been that high since January 2022, but is still very low on an historical basis.

MCSB 2024 SBDC SmartZone Best Small Business Awardee, ZENlightenment Wellness Center

In a lead-up to the 2024 Michigan Celebrates Small Business Gala Celebration, Jeffrey Mosher spoke with several winning companies from this cycle. This year’s gala took place at the Breslin Center in East Lansing, MI, on May 21st! For more details please visit michigancelebrates.org/.

Here, Jeffrey Mosher speaks with Shana Dancer, LMSW, CYT, Owner, of ZENlightenment Wellness Center, Alma, MI, a 2024 SBDC SmartZone Best Small Business Awardee winner for this year's cycle of Michigan Celebrates Small Business. Michigan Celebrates Small Business is marking its twentieth year.