Earnings in Michigan’s key industries grew by 2.2 percent between 2016 and 2017. The state’s key industry earnings lag behind the “Top Ten” average, and are on par with the peer state average.
What It Is: Average annual earnings (in 2017 dollars) in the engineering, geographic trade, higher education, life sciences, automotive, and natural resources sectors.
Why It Matters: These six sectors represent major opportunities crucial for growing Michigan's economy and moving it forward in the new global marketplace. The three major indicators presented (GDP, employment, and earnings) show how these sectors are contributing to a state's production and to residents' well-being.