Earnings in Michigan’s key industries declined slightly between 2015 and 2016. The state’s key industry earnings are slightly below the “Top Ten” average, and are on par with the peer state average.
What It Is: Average annual earnings (in 2016 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 economy. These three major indicators (GDP, employment, and earnings) show how these sectors are contributing to a state's production and to residents' well-being.