New Data Shows Michigan Job Recovery Backtracking

Leisure and hospitality industries among the hardest hit as state finishes 2020 on a sour note East Lansing, MI–An analysis of new employment data by experts at Anderson Economic Group (AEG) shows that the Michigan economy is moving in the wrong direction for the first time since it began its recovery from the initial shock […]

New Midwest Jobs Data Shows Indiana Closest to Pre-Recession Employment while Michigan Falls Behind

Minnesota, Wisconsin, Ohio, and Illinois in Middle of Pack East Lansing, MI–September 23, 2020–An analysis of new employment data by experts at Anderson Economic Group (AEG) shows that states across the Midwest are still reeling from employment losses caused by the COVID-19 epidemic. Between February and April, Midwestern states recorded unprecedented job losses as policymakers […]

Pandemic and State Shutdown Orders Seriously Hurting Self-Employed Workers

East Lansing, MI—September 3, 2020: Anderson Economic Group has been watching the Pandemic Unemployment Assistance (PUA) data closely and comparing it with traditional wage-and-salary based Unemployment Insurance (UI). Figures released today indicate that the trends have diverged. PUA was created by the CARES act and represents an important innovation. Unlike traditional UI, PUA explicitly covers […]

Payroll Tax Deferral Could Put $150 Billion in Workers’ Pockets by End of 2020

Savings to workers include $4.0 billion in Michigan, $13.1 billion in Texas, and $6.5 billion in Illinois August 12, 2020—Chicago, IL—Economists at Anderson Economic Group (AEG) estimate that the President’s recent executive order deferring payroll tax collections between September and December could put over $150 billion in payroll tax contributions back into workers’ pockets between […]

Trump Executive Actions May Provide $400 per week for 15 Million or More Unemployed, Payroll Tax Cut for 150 Million Workers

“Emergency” Actions by Federal and State Governments Create Dilemma for Employers; Confusion for Workers; Work for Lawyers August 10, 2020—East Lansing, MI—Anderson Economic Group economists have reviewed the four executive actions signed by the President late on Saturday, August 8. These included three “presidential memoranda” and one executive order. Noting the uncertainties related to funds […]

PPP Loans Extend Lifeline to Fast Food Franchises During COVID-19

Chicago, IL— July 9, 2020—Since the passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act in late March, the federal government has been battling the economic repercussions of COVID-19 by supplementing unemployment checks and extending loans to small businesses through the Paycheck Protection Program (PPP). A newly released analysis by experts at Anderson […]

Anderson Economic Group Economists Estimate Adjusted Unemployment Rate at 16.3% in May

Unemployment and the Pandemic Anderson Economic Group economists have focused on the coronavirus pandemic and the related business and government actions since February of this year. In March, we identified the huge impact of both state executive order restrictions and decisions to restrict travel, cancel events, and close businesses as likely to cause 100 million […]

COVID-19 Progression and Effects of Business Closures on Michigan’s Workers

Anderson Economic Group was retained to develop a comprehensive report detailing the best information available on both the course of the COVID-19 epidemic and its effects on the Michigan economy. The resulting memorandum provides a summary of COVID-19’s progression, considers the impact of the virus and stay at home orders on Michigan’s economy, and identifies large […]

Effect of COVID-19 Pandemic on U.S. Economy

Latest Chart Data: 7-27-20 Latest Commentary: 7-27-20 AEG’s Ongoing COVID-19 Analysis Memo to Michigan’s Governor: Covid-19 Progression and Michigan’s economy (revised 4/22) COVID-19 Related Media Releases and Other Analysis: Analysis of Trump Executive Actions Big-10 Sports Losses Spike in Cannabis Sales Attributable to COVID-19 COVID-19 Takes Divergent Path Across Illinois Cities COVID-19’s Toll on the […]

PERS Calculator Update for SEIU 503

SEIU Local 503 is Oregon’s largest public services and care provider union, representing 72,000 people and 500 different job descriptions. SEIU retained Anderson Economic Group to provide the underlying calculations for an online pension benefit calculator that allows SEIU members to estimate their future retirement benefits upon retirement. We reviewed pension benefit formulas for PERS, […]