Auto/Economy
4:20 pm
Fri May 6, 2011

Private companies hiring at faster-than-expected rate

The new national employment report shows the economy is churning out new jobs as people return to the workforce to compete for them.

Governor Rick Snyder says that’s good for Michigan as he tries to convince state lawmakers to adopt his jobs strategy.

Private sector employment is considered a strong indicator of the strength of the economy and, for the first time in a long time, private companies are hiring at a faster-than-expected rate.

Governor Snyder says that’s good news.

"I view that as a positive thing. Obviously, we want to see more and more jobs coming to Michigan.”

But he wants to pick up the pace as one in 10 people in Michigan is still out of work and looking for a job – and that number doubles when people who have quit looking or are under-employed are counted.

The governor’s jobs plan is being debated by the Legislature.

It includes a tax cut for most businesses. But many lawmakers are balking at the plan because it also cuts spending on schools, and raises taxes for many seniors to help balance the budget.