Above Average Job Growth Expected in Michigan

Michigan will see 130,000 new jobs over the next two years, according to economists at the University of Michigan Research Seminar in Quantitative Economics on Friday. This puts job growth slightly above the 57,000 annual average from 1971-2000.

Gongwer News reports that Economist George Fulton predicted growth in construction, manufacturing and health care, though manufacturing growth will slow, while construction growth will increase compared to recent years.

Economists predict that state revenue will also continue growing over the next two fiscal years, with $9.66 billion General Fund and $11.61 billion School Aid Fund projected for the current fiscal year and $10.08 billion General Fund and $12 billion School Aid Fund for 2014-15.

Read more in the full Michigan Report, by Gongwer News Service.