us conference of mayors

Economy
4:11 pm
Thu March 20, 2014

Boom in domestic energy production helping some industries, but Michigan's jobless rate rises

Michigan's seasonally unadjusted unemployment rate has risen 0.4 percentage points in the latest monthly report to 8.1%.
Steve Carmody Michigan Radio

Manufacturers are taking advantage of lower domestic oil and gas prices, and many of them are using those cost savings to hire more workers.

The boom in domestic oil and natural gas production is fueling growth in manufacturing across the country and especially in urban areas, according to a new report from the U.S. Conference of Mayors.

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