UM: Economy

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The Detroit Free Press runs an AP article reporting that Michigan is second-worst (after California) in the Associated Press Economic Stress Index, which ranks states based on unemployment, foreclosures and bankruptcies. The article quotes UM economist George Fulton: “The light at the end of Michigan’s long economic tunnel, which residents have been yearning to see, eludes us still. We do see some improvement, but it will continue to be slow and difficult.” [Source]