Michigan’s Economy Soared to #1 since the Pandemic Outbreak
The state of Michigan has improved the most in its history since the pandemic began 2 years ago under Governor Whitmer.
According to data put together by Bloomberg, Michigan’s economy is performing better than any of the 37 states with populations greater than 2 million. It showed that the number of workers employed in Michigan has risen faster than the U.S. overall in the pandemic era. Other than employment, the data included equally weighted measures of personal income, home prices, mortgage delinquency, state tax revenue and the stock market performance of its publicly-traded companies.
Whitman’s first year in office marked the start of the biggest boom in manufacturing since the recovery from recession in 2008 with non-farm payrolls surging to 25% doubling the 14.3% average & unemployment dropping down to 5.6% from the 23.6% pandemic high.
With these positive things going on recently, it only means things are looking up for business developments for the state of Michigan.