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State economy on upswing

Friday, November 16, 2012

WN.com - Business News
Latest headlines from WN Network
State economy on upswing
Nov 17th 2012, 06:11

By Brian J. O'Connor Detroit News Finance Editor Comments Things could be worse â€" and have been worse â€" when it comes to the Michigan economy, which will continue to grow at a more moderate pace during the next two years, according to a new University of Michigan analysis. The annual November forecast from U-M's Research Seminar in Quantitative Economics sees the state adding 111,000 jobs between now and 2014. The Michigan unemployment rate â€" at 9.1 percent â€" will slide to 8.4 percent at the end of next year and 7.7 percent at the end of 2014, but will still be half a percentage point worse than the U.S. rate. "Job growth is going to be sustained for the next two years," said George...

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