89.1 WEMU

Michigan Continues Slow but Steady Economic Recovery

Nov 25, 2013

Michigan continues its slow and steady economic recovery. 

The annual economic forecast from University of Michigan economists predicts the next two years should bring the state back to employment levels prior to the economic downturn of 2008-09. 

Don Grimes points to the recovery of the auto industry as a big reason why Michigan's doing as well as it is.

And Grimes says this recovery has been slower than others in Michigan's past. He says the state still has a long way to go before its recovery is complete. 

The report says the state will add 130,ooo jobs in 2014 and 2015.

Full report: Research Seminar in Quantitative Economics: www.umich.edu/~rsqe