Michigan is emerging from the pandemic amid many questions about its short-term economic rebound and long-term transformation. This data dashboard offers key metrics that show how the state is performing.
Bridge Michigan will continue to keep a spotlight on the economic gains and losses through our regular coverage of business news, economic news and the Capitol. — Compiled by Bridge Michigan business editor Paula Gardner and Mike Wilkinson, Bridge Michigan data reporter.
Michigan’s labor market
Labor dynamics still haven’t rebalanced as the pandemic recedes. These numbers are among many factors out there that shine a light on what employers and the public are experiencing.
Key signs for growth
The state’s business leaders and economists watch several other measures as a gauge of the state’s economic health. These are a few of them.
The housing market represents about 13 percent of all of the U.S. economic activity. Home prices offer signs of affordability, equity growth or decline and property tax base. Home construction is a sign of overall economic health due to construction spending.
Two of the most widely reported national indicators of the economy look at the consumer experience, since their spending drives growth.