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Wed April 4, 2012
In this morning's Michigan news headlines...
With EM decision fast approaching, Detroit City Council will meet again tonight
Instead of voting on a proposed financial stability agreement with the state, Detroit City Council members spent much of Tuesday discussing several court challenges that could derail any agreement. They eventually adjourned without a vote on the agreement despite warnings that tabling a vote could lead to an emergency manager appointment by Gov. Snyder. Snyder's deadline to decide on an EM appointment is tomorrow. Michigan Radio's Sarah Cwiek was at the meeting and reports council plans to meet again tonight.
Last night, Deputy Mayor Kirk Lewis, who has been filling in for Mayor Bing while out on medical leave, issued this statement regarding council's discussions:
We appreciate the seriousness with which the Detroit City Council is deliberating. This is one of the most critical decisions in this City’s history. However, Mayor Bing and the administration believe Gov. Snyder will act on Thursday, April 5, according to law, regardless of any related, current legal challenges to the process.
Auto sales on pace for a strong year
It's early yet, but auto sales figures in the U.S. show automakers are on pace to make 2012 the best sales year since 2007. More from the Detroit Free Press:
New-vehicle sales ran at a 14.4 million annual rate in March, down from a four-year-high of 15.1 million in February. Still, at the pace so far, Americans would buy 14.5 million vehicles this year, up from 12.8 million in 2011. The increase equals more than six assembly plants running two shifts each.
Chrysler led all automakers in sales gains for the month of March at 34.2 percent.
Michigan's unemployment rate drops across areas of state
Michigan's unemployment rate dropped to 8.8% last month with a slight uptick in overall employment as well.
Michigan Radio's Steve Carmody reported new data shows the decline occurred throughout the state:
Fifteen of 17 regions of Michigan recorded declines in unemployment in February, with Detroit and Monroe reporting the largest rate decreases from January to February. Flint, Holland and Jackson recorded the largest declines during the past year.