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Economist Says Michigan Jobless Rate Could Hit 20 Percent
By Staff Report
May. 13, 2009
Michigan economist David Littmann predicts that unemployment in Michigan could approach 17 to 20 percent by year’s end.
Michigan’s unemployment rate in March was 12.6 percent—a full 5 percentage points higher than a year ago.
A news release issued Tuesday, May 12, from the Midland-based Mackinac Center for Public Policy, where Littmann is senior economist, cites Littmann as also predicting that “revenues for the state will continue to plummet.”
Filed by Amy Lane of Crain’s Detroit Business, a sister publication of Workforce Management. To comment, e-mail editors@workforce.com.
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