New data was released yesterday from Michigan's Office of Labor Market Information that indicates Michigan's economy may be recovering. The state unemployment rate dropped from 14 percent to 13.6 percent, marking the fifth straight month of decreasing unemployment rates. National figures will be released Friday.
In addition, a little heralded release of the job turnover shows that Michigan's net job creation and destruction leveled off in the third quarter of 2009 following four quarters of large increases in job losses.
Michigan Capitol Confidential is the news source produced by the Mackinac Center for Public Policy. Michigan Capitol Confidential reports with a free-market news perspective.