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Mon April 4, 2011
U of M economists say state is posting 'robust' job growth
Michigan’s jobs picture is getting brighter, according to a new report out of the University of Michigan. University of Michigan economists say the state is starting 2011 with “robust job growth."
Michigan spent much of the past decade watching its job numbers decline. But after some gains in 2010, U of M economists credit a bounce in manufacturing with getting the state off to a great start this year. The job growth rate is on pace to increase by 3.8% this year.
The economists say Michigan has posted a stronger recovery rate than the rest of the nation during the past year and a half. However, that may not last.
The U of M economists predict Michigan’s job growth will cool off, but still the economists predict the state could add 64,000 jobs this year.