UM: State Economy

By

University of Michigan economists are forecasting that nearly 32,000 jobs will be added statewide during 2012, with another 45,000 during 2013, according to a Detroit News report. The article quotes George Fulton, director of UM’s Research Seminar in Quantitative Economics: “For Michigan, 2011 will go down as a year of solid job growth and one that saw the higher-wage segment of the labor market grow more rapidly than the economy overall.” [Source] The forecast was presented Friday morning at an annual UM economic outlook conference.