University Of Michigan Economists Say Michigan's Economy Is In Good Shape
Predictions for the future of Michigan's economy remain upbeat, despite political uncertainty in Washington, according to a University of Michigan report.
A group of U-M economists said in their annual November forecast that Michigan is on track to add jobs over the next two years, especially in the areas of professional and business sector services, construction, transportation, and leisure and hospitality.
However, they expect the state's job growth to be at a slower pace than recent years.
Michigan will have gained more than 605,700 jobs during the economic recovery from the summer of 2009 thru the end of 2018, according to the local financial experts.
As Michigan enters its eighth year of post-recession recovery, the local economists say it's imperative to note that a full-blown trade war would be a disaster for the Michigan economy.