Here’s news you can use in a constantly changing business environment, including Michigan’s leadership in online gambling, an uptick in unemployment claims, the antidote to micro-stresses and more.

1. The leader in online gambling — Michigan leads the nation in online gambling with $1.92 billion in gross receipts in 2023. The state first allowed internet gambling in 2021 and is one of six states that do so. Get details about where the money goes.
2. More jobless claims — For the first time in six weeks the number of Americans filing for unemployment benefits increased. The rate is 3.7% and has been below 4% for 24 months, the longest such streak since the 1960s. Read more.

3. Making a generational transition — Leaders of family businesses face unique challenges when it comes to succession. According to Kellogg Insight, multigenerational resilience requires cultivating emotional ties to the business. See more factors that help keep companies alive from generation to generation.
4. Shifting consumer behavior — Subtle but meaningful shifts in consumer shopping show that folks are spending more to buy less. Higher prices are a key reason consumers report reducing the number of grocery items they buy. Get more insights on shopper behavior.

5. The antidote to feeling drained — Micro-stresses, the small stresses that are so brief we rarely register them, can cumulatively take an enormous toll. Discover five ways to deal with the micro-stresses draining your energy.

Thank you to our Friday Five sources: Bridge Michigan, Corp!, Kellogg Insight, McKinsey and Harvard Business Review.

 

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