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Mon Jul 30, 2012, 04:13 PM

Michigan's Recovery Outpaces Rest Of U.S. [View all]

Michigan fell the hardest during the recession, but it's bouncing back better than the rest of the country.

While economic uncertainty in Europe is creating a cloud over the U.S. economy, and the state's unemployment rate has ticked up two-tenths of a percentage point to 8.6 percent in the past two months, existing home sales and retail sales in Michigan are doing better than elsewhere in the country.

"We've been telling our clients since late 2011 that Michigan is turning the corner faster economically than any other state in the country," said Patrick Anderson, founder and CEO of the East Lansing-based consulting firm Anderson Economic Group.

Home sales are up 10 percent through June in the Great Lakes State compared with the nation's 5 percent growth rate, according to the National Association of Realtors. And the state's retail sales surged in April and May, while the national figure fell 0.2 percent.

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http://www.detroitnews.com/article/20120730/BIZ/207300344/Michigan-s-recovery-outpaces-rest-U-S-?odyssey=tab|topnews|text|FRONTPAGE

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Reply Michigan's Recovery Outpaces Rest Of U.S. [View all]
Purveyor Jul 2012 OP
Purveyor Jul 2012 #1
pizzadave Jul 2012 #2
Motown_Johnny Jul 2012 #3
pizzadave Jul 2012 #5
Motown_Johnny Jul 2012 #10
pizzadave Jul 2012 #5
Motown_Johnny Jul 2012 #4
pizzadave Jul 2012 #7
Romulox Jul 2012 #8
Purveyor Jul 2012 #12
Odin2005 Jul 2012 #9
amandabeech Jul 2012 #11
gollygee Jul 2012 #13