Business

Southern states won the most auto manufacturing jobs

Data: BLS, Quarterly Census of Employment and Wages; Get the data; Map: Andrew Witherspoon, Chris Canipe/Axios

Michigan has lost the most auto manufacturing jobs over the past 18 years, while auto manufacturing in southern states has flourished, according to an Axios analysis of federal jobs data.

The bottom line: Michigan had the most jobs to lose, and automakers are increasingly attracted to states where workers are less unionized and wages are lower.

A startup shuts down and other crypto news this week

Illustration: Sarah Grillo/Axios

BusinessWeek put bitcoin on the cover of its magazine this week, wondering whether "crypto [has] hit the fan." We'd say that still remains to be seen, but in the meantime, here are other important news from this week.

Catch up quick: Bain-backed crypto startup Basis closed; Facebook’s blockchain group is on a hiring spree to reinvent money; and the Securities and Exchange Commission’s crypto czar signaled some flexibility on token offerings.

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