Report: Oakland Co. experienced "torrid" growth in 2011
Oakland County’s economy had a “red hot” year in 2011. That’s according to a report by economists at the University of Michigan.
The county added more than 23,426 jobs last year. The economists who prepared the report say they expect the recovery to continue in the next three years – although at a more modest clip.
Professional services, manufacturing, health care and wholesale trade were the sectors that saw the biggest growth in 2011. But the public sector lost jobs, and that’s expected to continue.
The report says 2011 was the best year for Oakland County’s economy since 1994.