U.S. retail sales jumped in June, boosted by states widely loosening coronavirus restrictions and businesses returning to full capacity.
Retail sales increased 0.6% and totaled $621.3 billion in June, according to the Department of Commerce report released Wednesday. The monthly increase was driven by general merchandise, including food service, clothing, personal care, electronics and gasoline sales, the report showed.
“Sectors that were buoyed by the pandemic are slowing down a little bit, but not to a degree that I’d be concerned about,” Square economist Felipe Chacon told The Wall Street Journal. “Household finances have been bolstered by a few rounds of stimulus spending, so it bodes pretty well.” Read More
Michigan’s business leaders anticipate robust growth in the state’s economy within the next year.
They also plan a return to in-person office work in the 3rd and 4th quarters of 2021, according to a quarterly economic survey completed by Business Leaders for Michigan.
Approximately 92% of survey respondents say the state’s economy will likely remain strong and growing during the next six to 12 months. Read More
Friday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed the all-star panelist Crom Carmichael to the show to discuss failing businesses and the uncessary shutdowns due to COVID. Read More
The Michigan Occupational Safety and Health Administration (MIOSHA) has issued new emergency orders for many businesses.
MIOSHA, within the Michigan Department of Labor and Economic Opportunity, promulgates rules clarifying the safety requirements for employers. Read More
Four business groups sent Gov. Gretchen Whitmer a letter asking to reopen industries that have been closed for five months, although they’re open in certain parts of Michigan and surrounding states.
After five months with no revenue and continued fixed costs, some gyms, movie theaters and bowling alleys are on the brink of bankruptcy. Read More
President Donald Trump announced the preliminary results of his administration’s efforts to deregulate the federal government.
Before taking office, Trump pledged to roll back two regulations for every new regulation added in Washington, D.C. However, that ratio has since increased to seven regulations rolled back for every new one created, Trump said. Read More
Ohio business owners who are fed up with Gov. Mike DeWine’s ever-lasting shutdown regulations are joining their lawsuits together into a class action against the state.
Three lawyers are working together to help combine existing lawsuits and are looking for other owners whose livelihoods are being threatened by what they say are unconstitutional orders. The suit against the DeWine administration and other government agencies was filed in the Ohio Court of Common Pleas in Lake County. Read More