Great News for Michigan’s Economy
According to the U.S Bureau of Labor Statistics, Michigan had the nation's fourth greatest job growth in the country last January.
This great news is being reported by the Mackinac Center for Public Policy. Michigan experienced an increase of 18,000 jobs from December 2015 thru January 2016. Florida experienced the greatest increase of 32,200 jobs.
For the entire year of 2015 Michigan added 87,300 jobs, which was the 10th best in the country.
Michigan's unemployment rate is 4.9%, the best since 2001.
Michigan's workforce is the highest since 2010 at 4.8 million.
So the question is why? Why is Michigan doing so much better than the rest of the country.
Could it be the improvement in the U.S. economy, well if that was true every state would be doing great.
Could it have to do with the leadership of Governor Snyder, or the leadership of the Republican controlled legislator?
Could it be the leadership and policies of both Governor Snyder and the Republican controlled legislature?
You think about it and decide.
University of Michigan economist Don Grimes, is quoted in the article stating:
'Michigan’s economy is doing great, although it will be more challenging as auto sales peak, then we will really know if it’s just an auto driven rebound or if Michigan's economy has fundamentally improved. If as auto sales peak, employment growth is simply close to the U.S. average (less than the U.S. growth rate by 0.5 percent or less) than Michigan will have become a more structurally sound state."
One thing we can all agree upon is this is great news, news we should all be happy and proud about. News that we should also attempt to figure what was the reason for this great turnaround and keep doing whatever it is. Although we must also be nimble and forward thinking enough to adapt when needed.
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