In this Small Business Briefing, Brian Calley and Sarah Miller discuss several critical updates for small business owners. Key topics include:
- the recent federal court ruling on the overtime threshold rule, which reverts the threshold to $35,568, impacting overtime eligibility
- the concerning trend of rising unemployment in Michigan, with the rate now at 4.7%
- significant job losses at major companies like General Motors and Stelantis
- the Federal Reserve’s recent interest rate cuts
- the potential business-related priorities of the upcoming Trump administration
Finally, they urge members to participate in the call to action regarding the Earned Sick Time Act during the lame duck legislative session. Join us for this informative session to stay updated on important developments affecting small businesses in Michigan.
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