ANN ARBOR, Mich. (AP) — University of Michigan economists say the state’s economy is on the brink of the longest period of job growth since the World War II era.
The Ann Arbor school’s economists released their annual analysis of Michigan’s economy Friday, noting that the state has seen nine years of uninterrupted job growth.
Despite some slowing in job growth, the forecast for the next two years looks positive. It’s from economists Gabriel Ehrlich, George Fulton, Donald Grimes and Michael McWilliams as well as researcher Jacob Burton.
Ehrlich, director of the school’s Research Seminar in Quantitative Economics , notes “mixed news is that job growth is slowing down as the labor market tightens.”
The 2019-20 forecast for Michigan sees steady but muted job growth, low unemployment, tame inflation and an economy that continues to diversify.