Friday, March 12, 2010

Michigan Economy Turns The Corner

The economy in Michigan has turned the corner according to Comerica Bank. The econmy bottomed out in mid-2009, and has now recovered nearly 1/3 of the way.

Thanks to Mark Perry for pointing this out.

My own observations seem to agree with that I have actually seen help wanted signs in store fronts.

More good news, the Michigan unemployment rate dropped to 14.8%, which is the third monthly drop in a row. Although, looking at the graph, the improvement is vanishingly small. 

The bad news is that housing prices continue down.