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Mon May 16, 2011
Economist: Michigan will keep adding 60K jobs a year
LANSING, Mich. (AP) - A University of Michigan economist says the state's rebounding economy will add about 60,000 jobs annually for the next three years.
George Fulton says the state unemployment rate will hover between 9 percent and 10 percent through 2013 as job growth stays steady but not spectacular.
Fulton gave his economic forecast to state economists Monday at the Capitol. He says the resurging domestic auto industry is helping the state get back on its feet as the Detroit Three see their first increase in market share since 1995. All sectors except government are expected to add jobs.
Fulton says Michigan is in the early stages of a sustained recovery and that 2011-13 will be the best three years for the state economy since 2000, although some residents will continue to suffer.
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