Page 6 - Gabriel Ehrlich News Today

The forecast calls for the county to add 9,700 jobs this year. Backlogs in the auto and construction sectors, still catching up from pandemic demand, is expected to insulate the county from a predicted mild recession this year.

Oakland County's economy is expected to return to normal this year and has a “solidly positive outlook” over the next few years.

What can the the U.S. do to be more competitive with China, India, Japan and western Europe? Some clues might be found in Oakland County, Michigan.

Inflation is continuing to cool, but at six percent, is still well above the fed’s target of two percent. That’s according to the latest numbers from the Consumer Price Index. But how is the economy behaving locally? WEMU's Josh Hakala reports.

Our roundup of the latest news from metro Detroit and Michigan businesses as well as announcements from government agencies.

Would Detroit be better protected against an economic recession? It could be, according to an analysis from the University of Michigan's Detroit Economic Outlook, which was presented last week.

Detroit raised its fiscal 2023 and 2024 revenue projections but is proceeding with caution as a potential recession could put a dent in collections and pressures loom as pension payments resume.

The report finds that the average annual wage in the city has risen since 2014 from around $26,600 dollars to nearly $39,200.

The University of Michigan says Detroit’s economy will continue growing at a steady pace — even if there is a mild national recession.

Despite lingering inflation, Detroit is expected to break historical trend and avoid the worst effects of a national economic slowdown.