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Some good – but not great – news for northeast Ohio. Our partner station Ideastream reports today that a glitch in a reporting system led to an overly optimistic April home sales report. Revised numbers still show a 4.6 percent increase in sales from March.
Ohio’s unemployment rate dropped substantially in April and now ranks below the national average, according to Crain’s Cleveland. More than 100,000 have returned to the workforce over the past year across the state.
Also in Ohio, American Greetings will move its headquarters from Brooklyn 13 miles west to Westlake, reports The Plain Dealer. And the merger of AirTran and Southwest could mean fewer flight operations at the Akron-Canton Airport.
Elsewhere across the Midwest today:
WBEZ.org says the University of Chicago’s new $81 million library is more than an architectural feat. It’s a glimpse of the future for libraries, a topic that Changing Gears reporter Niala Boodhoo examined earlier this month.
Does Michigan’s new tax structure make fiscal sense? Michigan Radio received an answer to that question from Charles Ballard, a Michigan State University professor and author of “Michigan’s Economic Future.”
Caterpillar CFO Edward Rapp says the U.S. economy is ready to lift off, but that businesses need better direction from the government on upcoming policy developments before investing, according to the Associated Press.A movie based on a novel from author Elmore Leonard, a Detroit native, will be filmed in Michigan after being awarded $2.8 million in state tax credits. “Freaky Deaky” is the 14th of Leonard’s books to be turned into a movie, but the first to be filmed in his home state.