In other words, "people have substantially upgraded the vehicles they are buying," says economist Donald Grimes at the University of Michigan, who studies the auto industry. He says Americans are deciding to buy bigger, fancier cars with more options.
And some geographic areas are doing better than the state as a whole. University of Michigan economists George Fulton and Donald Grimes forecast earlier this month that unemployment in Oakland County willdip to 4.2% this year and drop to3.3% in 2018, levels likely to remainbelow both the state an
However, even as employment grows, Michigan still hasn't regained the number of jobs lost since its peak employment in spring 2000, according to a recent report by George Fulton and Donald Grimes of the University of Michigan.
Date: Mar 23, 2016
Category: Business
Source: Google
Wages Q&A: What Do McDonald's, Wal-Mart and Target Pay Raises Mean for ...
A: Some economists think that could be the case. University of Michigan economist Donald Grimes told me corporations setting a de facto minimum wage could result in similar projected job losses as an increase to the federal minimum wageabout 500,000 jobs lost. Still, the restaurant industry is gro
Date: Apr 02, 2015
Category: Business
Source: Google
McDonald's to Raise Hourly Pay for 90000 Workers -- 3rd Update
rancisco, which requires pay of at least $11.05 an hour. Efforts inCongress to increase the pay floor stalled last year. But a growing number of large employers raising wages could set a"de facto" minimum wage that is higher than the federal floor, said University of Michigan economist Donald Grimes.
Date: Apr 01, 2015
Source: Google
Detroit 'Gut Kick' Poses New Test for Long Suffering City
Bankruptcy may help Detroit join the economic resurgence of other Midwest industrial cities such as Cleveland, Milwaukee and Pittsburgh, said Donald Grimes, a senior labor and economy researcher at the University of Michigan.
Date: Jul 19, 2013
Category: Business
Source: Google
Michigan unemployment benefits cut short: 'Huge win' or 'reckless'?
Donald Grimes, an economist at the University of Michigan in Ann Arbor, says Michigans historic unemployment rate above 10 percent since December 2008 depleted the states unemployment trust fund and forced the state to borrow federal dollars. Increasing federal taxes on businesses is "regressi
Date: Mar 29, 2011
Category: U.S.
Source: Google
Changing Gears: Region is epicenter for fight over union power
Research economist Donald Grimes of the University of Michigan found some surprising data to fuel the debate. He looked at average compensation for private and public workers from 2000 to 2009 and found that, yes, government salaries rose 10% more than those of private workers.