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Michigan's Current Unemployment Rate, and Michigan's Job Growth for 2020



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Michigan's unemployment rate is among the highest in the Midwest. This has led to an investment in the Unemployment Insurance system to help families survive an economic downturn. The system has not been updated to reflect the current workforce. Many of the state's policies are outdated, especially when it comes to protecting women and Black and Latinx workers.

Michigan's maximum weekly benefit has only been raised once since 1995. It is also the only state that offers less than 26 weeks of unemployment benefit. In reality, the minimum number of weeks provided is less than 10. A family might find themselves in poverty if they lose their job before the maximum number. Michigan is not doing enough to ensure that all people without work have access to unemployment coverage.


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Another example is the minimum wage requirement in Michigan. A worker must make at least $5,667 per weekly to be eligible for UI. This is significantly higher than the average Midwestern state wage. This is not a bad thing. However, Michigan's minimum wage requirement of more than $100 per week makes it a far behind other states.

The Advisory Council's “two-thirds” rule states that Michigan's unemployment insurance should not exceed half of the average weekly income. Instead, the maximum state benefit is 34%. Michigan is now far behind other states in this regard and should increase its Unemployment Insurance game. Wisconsin, Iowa, Pennsylvania and other states offer maximum benefits that are at or below 50% of the average wage.


Michigan's Unemployment insurance program should be improved by the Legislature. This is a significant step to help reduce racial inequality and increase safety net for all employees. The state should also consider expanding the period of eligibility for workers to apply for benefits. An expanded base period is a great way to increase federal funding for skills training and employment search costs. As an added bonus, it would improve the likelihood that more unemployed workers would get the assistance they need.

While the unemployment rates in Michigan are certainly higher than most other states, they have been declining since 2009. According to the latest figures, the state's unemployment rate has fallen to 6.1% in January 2021. The rate has remained stable since then. Michigan was the state with the highest unemployment rates during the recession. But, with strong investment in the unemployment insurance system, more people will be able get jobs before 26-weeks are reached.


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The minimum wage necessary to qualify for unemployment benefit is highest in the midwest. Michigan's maximum UI insurance benefit is the lowest across the country in the same year.


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FAQ

What are the 7 Rs of logistics.

The acronym "7R's" of Logistics stands for seven principles that underpin logistics management. It was published in 2004 by the International Association of Business Logisticians as part of their "Seven Principles of Logistics Management" series.

The acronym is made up of the following letters:

  1. Responsible - ensure that actions are in compliance with legal requirements and do not cause harm to others.
  2. Reliable - You can have confidence that you will fulfill your promises.
  3. It is reasonable to use resources efficiently and not waste them.
  4. Realistic - Consider all aspects of operations, including environmental impact and cost effectiveness.
  5. Respectful – Treat others fairly and equitably.
  6. Reliable - Find ways to save money and increase your productivity.
  7. Recognizable - Provide value-added services to customers


What does it mean to warehouse?

A warehouse or storage facility is where goods are stored before they are sold. It can be indoors or out. It could be one or both.


Is it possible to automate certain parts of manufacturing

Yes! Automation has been around since ancient times. The Egyptians created the wheel thousands years ago. Today, robots assist in the assembly of lines.

Actually, robotics can be used in manufacturing for many purposes. These include:

  • Automation line robots
  • Robot welding
  • Robot painting
  • Robotics inspection
  • Robots that create products

Automation could also be used to improve manufacturing. For instance, 3D printing allows us make custom products and not have to wait for months or even weeks to get them made.



Statistics

  • It's estimated that 10.8% of the U.S. GDP in 2020 was contributed to manufacturing. (investopedia.com)
  • Job #1 is delivering the ordered product according to specifications: color, size, brand, and quantity. (netsuite.com)
  • You can multiply the result by 100 to get the total percent of monthly overhead. (investopedia.com)
  • In 2021, an estimated 12.1 million Americans work in the manufacturing sector.6 (investopedia.com)
  • According to the United Nations Industrial Development Organization (UNIDO), China is the top manufacturer worldwide by 2019 output, producing 28.7% of the total global manufacturing output, followed by the United States, Japan, Germany, and India.[52][53] (en.wikipedia.org)



External Links

investopedia.com


doi.org


bls.gov




How To

How to Use the 5S to Increase Productivity In Manufacturing

5S stands in for "Sort", the "Set In Order", "Standardize", or "Separate". Toyota Motor Corporation developed the 5S method in 1954. This methodology helps companies improve their work environment to increase efficiency.

This approach aims to standardize production procedures, making them predictable, repeatable, and easily measurable. This means that tasks such as cleaning, sorting, storing, packing, and labeling are performed daily. Workers can be more productive by knowing what to expect.

There are five steps to implementing 5S, including Sort, Set In Order, Standardize, Separate and Store. Each step is a different action that leads to greater efficiency. If you sort items, it makes them easier to find later. When items are ordered, they are put together. Next, organize your inventory into categories and store them in containers that are easily accessible. You can also label your containers to ensure everything is properly labeled.

Employees must be able to critically examine their work practices. Employees must understand why they do certain tasks and decide if there's another way to accomplish them without relying on the old ways of doing things. They will need to develop new skills and techniques in order for the 5S system to be implemented.

In addition to increasing efficiency, the 5S method also improves morale and teamwork among employees. Once they start to notice improvements, they are motivated to keep working towards their goal of increasing efficiency.




 



Michigan's Current Unemployment Rate, and Michigan's Job Growth for 2020