Podcasts & RSS Feeds
Most Active Stories
- This ballot proposal is critical to Michigan's economy, but most people won't bother to vote on it
- Don't like the water shut-offs in Detroit? Now you can pay someone's overdue water bill
- What explains Michigan's large Arab American community?
- Some think their immigrant ancestors were the last that should be allowed in the U.S.
- Michigan Republican Party's tactics remind me of Watergate, because both were unnecessary
Tue July 19, 2011
Unemployment rate makes Michigan retailers nervous
The continued high unemployment rate is making Michigan retailers nervous about sales this summer. Rising commodity prices for things like cotton and petroleum products are costing retailers more. Tom Scott is with the Michigan Retailers Association. He says some retailers are slashing prices for their shoppers, but generally retailers are optimistic despite the uncertainties.
Our unemployment rate seems to be stuck. We’re not seeing much improvement there, so that’s certainly a big concern. One thing that is helping is the recent drop in gas prices.
Scott recognizes gas prices could spike at any time. He says if shopping continues to move in a positive momentum, retailers should be fine.
-Traci Currie - Michigan Radio Newsroom