INTEGR8 2024 WORKFORCE PLAYBOOK
Expand Your Employee Attraction, Preparation, and Retention Efforts by Leveraging Industry 4.0 Technologies
Workforce Article by John Walsh, Michigan Manufacturers Association
Up 0.4% for the Month
- Topline CPI grew at a 0.4% pace in February 2022 versus the month prior in seasonally adjusted terms.
- Core CPI, less Food & Energy, also posted a 0.4% monthly gain in February 2024.
- Energy prices spiked in February 2024, posting their first monthly gain since September 2023.
- Services less Rent of Shelter continued its new year push with a second consecutive +0.6% monthly gain in February 2024.
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Commitment to safety and continuous innovation as the plant progresses toward completion and is on pace for the start of production in early 2025.
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Momentum builds as the team ramps up new employee hiring as part of its effort to create over 1,700 new high-tech jobs in Lansing, Michigan.
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Commitment to safety and continuous innovation as the plant progresses toward completion and is on pace for the start of production in early 2025.
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Momentum builds as the team ramps up new employee hiring as part of its effort to create over 1,700 new high-tech jobs in Lansing, Michigan.
Small Increase in Wages Is Good News for Inflation
- Job growth was 275,000 in February, above expectations, but there were large downward revisions to job growth in the previous two months.
- The unemployment rate rose to 3.9%, with the labor force participation rate steady at 62.5%.
- Average hourly earnings were up just 0.1% in February, and growth softened on a year-over-year basis; easing wage growth will help slow inflation.
- The solid jobs report supports PNC’s forecast for a soft landing in the U.S. economy this year, with fed funds rate cuts in starting in the second quarter.
Chris Holman welcomes back Scott Hiipakka, CEO, Michigan Israel Business Accelerator, Southfield, MI.
Michigan Business Beat | Scott Hiipakka, Michigan Israel Business Accelerator, A Transformative Year
Chris Holman welcomes back Scott Hiipakka, CEO, Michigan Israel Business Accelerator, Southfield, MI.
Small Increase in Wages Is Good News for Inflation
- Job growth was 275,000 in February, above expectations, but there were large downward revisions to job growth in the previous two months.
- The unemployment rate rose to 3.9%, with the labor force participation rate steady at 62.5%.
- Average hourly earnings were up just 0.1% in February, and growth softened on a year-over-year basis; easing wage growth will help slow inflation.
- The solid jobs report supports PNC’s forecast for a soft landing in the U.S. economy this year, with fed funds rate cuts in starting in the second quarter.
Trade to Weigh on U.S. Growth in Early 2024
- The overall U.S. trade deficit rose 5.1% in January from December.
- Both exports and imports rose on the month.
- The larger total trade deficit came from a bigger goods deficit and a narrower services surplus.
Powell Testimony Points to Rate Cuts Starting in the Second Quarter
- The economy expanded “slightly” in early 2024, according to the latest Beige Book, with consumer spending down a bit.
- The labor market eased modestly but remained tight.
- Businesses reported more price sensitivity among their customers.
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