Podcasts & RSS Feeds
Most Active Stories
- An MSU physicist believes he has solved the "black hole information paradox"
- "A sad day" for Michigan bats: White-nose syndrome found in 3 counties
- This is doing more damage to Detroit than a hundred drug murders could have
- Biologists expect the worst for Michigan's bat population
- Power shift at Kendall College causing a stir
Thu October 6, 2011
UM economist expects slower job growth in 2012
In his economic forecast for Michigan released today, George Fulton, Director of the University of Michigan's Research Seminar in Quantitative Economics wrote that Michigan's economy is recovering from hitting bottom in late 2009, "but it has not been a smooth climb, especially during 2011."
The Detroit Free Press writes that Fulton cut his jobs forecast for 2012.
...he expects just 33,000 new jobs next year, down sharply from his earlier forecast of 61,500 positions.
Fulton expects the total number of jobs created from late 2009 through 2013 to be 187,000.
From the report summary:
The continuation of the recovery is supported by steadily rising vehicle sales and an improved U.S. economy over the next two years. Manufacturing continues to grow through 2013, but the largest job gains are in the service industries, led by health services and professional and business services. Government continues to shrink over the period.