Michigan’s economic recovery steady, but unremarkable, U-M economist says (Detroit Free Press)

January 11, 2013 – Michigan will continue a moderate but sustained recovery over the next two years, with about 40% of all the jobs lost during the decade-long recession recovered by the end of 2015, a University of Michigan economist told a state revenue-estimating conference today. The good news is that Michigan has improved its competitive position relative to other states, the auto sector has been strong, housing is recovering, and the highest wage sectors have shown the strongest growth in Michigan, Fulton said. The bad news is the recovery has not been nearly as strong as those in the past. Job growth remains sluggish, and the retail and government sectors are among those struggling, he said.

Link to Full Article: http://www.freep.com/article/20130111/NEWS15/130111032/1001/news



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