I’m sure a little good news for the economy is welcome during times like these, so here are a couple of hopeful tidbits. The Detroit News reports that the Big Three automakers are all looking at recalling laid off workers in order to boost production as domestic auto sales has shown signs of recovering over the last couple months.
Automakers signaled plans Monday to hire, add overtime or extra shifts and boost production of crucial models, all signs of life for an industry emerging from a tumultuous year that saw General Motors Co. and Chrysler Group LLC file for bankruptcy.
GM, Chrysler, Ford Motor Co., Toyota Motor Corp. and Mercedes-Benz used the industry’s brightest stage, the North American International Auto Show, to announce the plans. Automakers, reeling from one of the worst sales years in decades, scaled back on production and laid off thousands last year — both permanently and temporarily. But with their operations resized and confidence returning to the economy, some are ramping up again.
And the AP reports that Michigan’s economy showed signs of life in the last quarter of 2009:
The state with the nation’s highest unemployment rate likely began adding jobs in the last three months of 2009, a University of Michigan economist said Monday.
George Fulton said Michigan probably added about 10,000 jobs between Oct. 1 and Dec. 31, although he’s still waiting for final December numbers. The state has been adding business and professional jobs, such as accounting, in recent months and had a small gain in manufacturing jobs in October, according to state unemployment reports.
Unfortunately, Fulton thinks this is temporary and that Michigan’s economy won’t really start to recover until late 2011.