Local businesses are feeling winter’s impact

“I think people in Michigan are actually pretty hardy; we get through stuff like this,” said Patrick Anderson of Anderson Economic Group. “Yes, every once in a while, we lose a couple of days working and that hurts the employers and employees, but we’ll get through this.” Watch Here

After nine-year run, UAW profit-sharing routine takes a turn

“This time around, the uncertainty in the auto industry — and the fact that all three of these automakers have already announced some reductions — will trim that spending considerably,” said economist Patrick Anderson, CEO of the East Lansing-based Anderson Economic Group. Read More

January: Cristina Benton’s monthly commentary on the employment report

In the latest employment report, the unemployment rate ticked upward 0.1 percentage points to 4.0 percent in January. Despite the 35-day government shutdown, most federal employees were counted as employed during the period due to receiving pay during the January 12th survey week. The Latino unemployment rate edged up to 4.9 percent in January, while… Continue reading

Anderson Economic Group Michigan Craft Beer Analysis

The experts at Anderson Economic Group have prepared an analysis on the craft beer industry in Michigan, including interactive visualizations. The analysis shows the explosive growth of the craft beer industry in Michigan over the past four years, where the production hot spots are, and sales for each brewery over a four-year time period.  “As… Continue reading

The Impact of Easing Investment Restrictions on Downstate Illinois Police and Fire Pensions Funds

In Illinois, retirement benefits are provided to police officers and firefighters through local pension funds. As of the end of fiscal year 2017, there were 643 pension funds for police officers and firefighters across the state. State law places limits on the types of securities that these pension funds can own. These limitations are particularly… Continue reading

Illinois Downstate Pension Fund Consolidation: Costs and Savings from Consolidating Police and Fire Pension Funds

In Illinois, retirement benefits are provided to police officers and firefighters through local pension funds. The funds are regulated by state law, and managed by local boards of trustees. As of the end of fiscal year 2017, there were 643 pension funds for police officers and firefighters in Illinois. Policymakers over the last several years… Continue reading

America’s Urban Campus: The Economic, Social, and Cultural Contribution of Chicago’s Colleges and Universities

America’s Urban Campus (AUC) is a consortium of all major colleges and universities in the city of Chicago, including at the time of this report 22 institutions spanning from City Colleges to the School of the Art Institute to the University of Chicago. AUC retained Anderson Economic Group to analyze and provide a report on… Continue reading

After layoff news, GM workers worry about their ‘next move’

Patrick Anderson, CEO of Anderson Economic Group, talks with PBS NewsHour about the recent decisions made by General Motors Watch Here

Three Charts Tell the Story of General Motors’ Painful Decision: Anderson Economic Group visualizes the important data

EAST LANSING, Mich.,—December 3, 2018—Anderson experts released today three interactive data visualizations that show why General Motors made the painful decision that they announced on November 26th. “The visualization put together by our consultants provides insight into why GM made this tough decision,” said Patrick Anderson, Principal and CEO of Anderson Economic Group. About Anderson… Continue reading

Anderson Economic Group AndCan Index, December 2018 Release: U.S. demand for cannabis products increased modestly in September

The demand for legal cannabis products in the U.S. increased by 1.2% in September. Cannabis product demand is up 11.8% from one year ago. The AndCan Index is constructed using calculations for all 50 states. FOR IMMEDIATE RELEASE EAST LANSING, MI—December 6, 2018—The demand for legal cannabis products in the United States increased by 1.2%… Continue reading