- Posted April 06, 2011
- Tweet This | Share on Facebook
Forecast calls for improved Michigan jobs outlook
LANSING (AP) -- Economic forecasters say Michigan economy is off to a stronger-than-expected start for the year.
The Detroit News and the Detroit Free Press report that the University of Michigan's Research Seminar in Quantitative Economics expects the state to add 64,600 jobs this year. The seminar's Director George Fulton says the updated forecast released Monday also includes job gains of 61,500 in 2012.
Both predictions are stronger than forecast in November.
Fulton expects Michigan's unemployment rate to drop to 9.9 percent by the last quarter of this year and to reach 9.5 percent by the end of 2012.
Michigan's seasonally adjusted unemployment rate for February was 10.4 percent. That was a decrease of three-tenths of a percentage point and was well below the February 2010 rate of 13.5 percent.
Published: Wed, Apr 6, 2011
headlines Oakland County
- Whitmer signs gun violence prevention legislation
- Department of Attorney General conducts statewide warrant sweep, arrests 9
- Adoptive families across Michigan recognized during Adoption Day and Month
- Reproductive Health Act signed into law
- Case study: Documentary highlights history of courts in the Eastern District
headlines National
- Protecting Attorney-Client Relationships: ABA advocacy helps safeguard the right to effective assistance of counsel
- Did ‘corporate speak’ and PowerPoint lead to complacency at GM?
- Ex-employee sues Sheppard Mullin over cyberattack exposing sensitive personal data
- Ropes & Gray allows more attorneys to count AI testing toward billable hours
- Plaintiff who filed fraudulent case, trashed desktop computer hit with sanctions
- Man who threatened Supreme Court justices avoids prison time
