UM: Economy

The Detroit Free Press reports on a recent jobs forecast by UM economists, who expect the state’s economy to stabilize, but say it will be years before Michigan regains the jobs lost during the recession. From the report: “The small increase in jobs forecast for the next two years – a total of about 88,000 jobs – means Michigan will continue to struggle to repair the damage wrought during the past decade, when the state shed 843,000 jobs. And without a strong economic rebound, Michigan is likely to suffer from a stagnant or declining population and reduced levels of income for its residents.” [Source]