The economy is booming in Michigan.
The state’s economy is up 1.4 percent in the fourth quarter, and it’s forecast to expand 1.8 percent in 2021.
But that doesn’t mean Michigan is ready to be a manufacturing powerhouse.
Wilford Industries, the state’s largest industrial conglomerate, recently announced it is planning to lay off nearly 800 employees in a move that could jeopardize its long-term viability as the state continues to struggle with low unemployment.
The Mohawk Industry Council, the nation’s largest union representing more than 50,000 workers in the Mohawks, said it was concerned the layoffs could harm its efforts to expand into other industries.
The company is also exploring whether it should buy another company to help it get back to profitability.
And as the Michigan legislature debates a bill that would require manufacturers to provide a wage increase of 2.5 percent annually, the council said it’s worried the measure could harm the Mohawks ability to compete in a market that is expected to grow significantly over the next decade.
Industry leaders say the job losses could affect them as well.
“We have no other choice than to find another way to survive,” said David Whelan, president of the Mohwak Manufacturing Association.
As the state recovers from a deep recession, there’s no shortage of companies looking for new ways to diversify their operations and compete.
The Mohawk industry is one of the few to have survived and thrive after a long period of decline.
The state is also recovering from a year of high unemployment that has hit hard on businesses, and many economists say it’s too early to say what the impact of the unemployment and recession will be on the economy.
If we do not have any additional jobs in the near term, that would certainly be a concern,” said Robert Easley, president and CEO of the Michigan Manufacturers Association.
Industrial plants like those at Whelans factory and the one in Hinesburg could be the first to go.
But Whelanyes employees are part of a growing number of Michiganders who are losing their jobs to the economy and are hoping for some help.
In the past decade, the economy has shed more than 40,000 jobs in Michigan, and the state is expected add about 2.4 million jobs by 2024, according to the Economic Policy Institute.
Industry analysts say if the state can’t recover by 2024 and does not invest in new industries like manufacturing, there could be more layoffs.
Even as Michigan continues to recover from the recession, many of the state and local economies are still struggling.
The economic decline has hit people across the state hard.
One of the most troubling aspects of the recession was the amount of people left out of the recovery, said Mike Zalewski, director of the Center for Economic Policy Research at the University of Michigan.
I’m seeing it in my office,” he said.
“I see it in the grocery store.
People have no jobs, they don’t have the income, and they’re just in desperate need of a job.
I’m trying to get them to look at it from a different perspective.
It means that you have to take a lot of care and a lot more thought when you’re making decisions. “
The economic downturn, as you can imagine, is really bad for businesses.
It means that you have to take a lot of care and a lot more thought when you’re making decisions.
That’s what’s going to be really important in coming years.
While it may be difficult to predict how long the unemployment rate will remain at 8.3 percent, Zalewks economic forecasts show it could rise further as more companies cut back or sell.
The unemployment rate has been higher than the national average since the end of 2010, and is likely to increase again this year, according in a recent report by the Council of Economic Advisers.
It’s not just the jobs that are being lost, either.
Whelansky has seen some of his workers leave their jobs, and his business has suffered from a drop in orders and increased costs, leading him to close.
Businesses across the county are feeling the pinch as well, as more and more businesses have been cutting back and laying off workers.
Some of those layoffs could cause the Mohakas unemployment rate to rise even higher.
The city of Lansing is expecting to lose about 30,000 employees by 2020, and about 20 percent of its workforce, including many city employees, will be laid off over the coming year, said Mark Miller, city director.
Miller said that’s not an uncommon scenario in other industrial towns, where manufacturing has traditionally been a key part of the local economy.
The city also recently started offering tax breaks to companies that lay off workers in order to save money on labor costs.
Miller said the state has some tools that could help the industry and other industries prosper, including a new tax break called the Economic Opportunity Tax Credit that could