The State of Michigan lost 858,400 jobs
in the decade Y2000-Y2009.
University of Michigan economists
project Michigan will recover 624,700 jobs during Y2010 and Y2018.
Much of the recovery so far has been
driven by manufacturing, specifically the auto industry. Can this
surge be sustained? History tells us the auto industry will dive
during the next recession.
This was discussed during a semi-annual
state budget conference in Lansing this week.
On a bright note, there may be steady
improvement in “knowledge jobs.”
Growth is predicted to slow, not
unusual for a period six years after the end of a recession.
Michigan’s population seems to have
stabilized, after a period of prominence in the moving van surveys,
but any substantial growth does not appear imminent.
The glory days are not set to reappear.
