How is Michigan doing economically? According to Bloomberg, Michigan experienced its best economic recovery in history over the last two years. Michigan is #1 nationwide based on equally-weighted measures of employment, personal income, home prices, and stock market performance of publicly-traded companies.
Does Michigan have a good economy? Michigan’s economy, under the leadership of Gov. Gretchen Whitmer, is ranked No. 1 among 37 other states with a population greater than 2 million since the COVID-19 pandemic began two years ago, according to a newly-released opinion piece by Bloomberg.
Is Michigan’s economy recovering? Michigan lost more than a million jobs from February 2020 to April 2020. About 80% of those have been recovered as of December, according to BLS data. The state has been on an upward trajectory, with January numbers showing nine straight months of job gains.
How developed is Michigan? Nearly two-thirds of Michigan businesses surveyed describe the state as having a positive business climate and would promote Michigan as a place to start a business. The state is ranked as a Top 10 Pro-Business State and as a Top 10 state for major new and expanded corporate facilities.