The income that Michigan residents earned from employment dropped by 2% in 2020. Net payroll earnings in the state were $330.5 billion in 2020, down from $337.3 billion in 2019. Only seven other states experienced a larger percentage drop in residents’ earnings in the year of the pandemic, according to figures released by the U.S. Bureau of Economic Analysis.
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.