UM: Economy

The Detroit Free Press reports that employment levels are predicted to rebound in 2011 and 2012, according to UM economist George Fulton. While he adds that unemployment will rise in 2010, Fulton says that Michigan will gain 23,000 jobs in 2011 and 60,200 jobs in 2012.  The recovery of job growth, he adds, will be even slower than the usual recovery rate after a recession. “Although we expect the broad decline in employment to end, the relatively modest pace of job growth will still leave many residents struggling.” [Source]