Economic outputs measure the end result of our efforts to keep Michigan competitive. They help show the impact of key policies, investments, and leadership at all levels. By tracking major output indicators—employment, income, GDP and population—over time, analysts can gauge the state’s progress toward prosperity.
As has been the case for many of the last six years, jobs, personal income and the economy in Michigan grew faster in 2015 than in most other states. However, growth has begun to show signs of slowing, and absolute levels of most economic measures remained average or below. Michigan can’t afford to become complacent as competitor states and nations continue to drive down costs and add value.
The Results Michigan Needs
Michigan must continue to accelerate its efforts to drive growth. This year’s relatively modest gains illustrate the possibility of a widening gap between Michigan and the nation’s “Top Ten” states where jobs, incomes, and GDP levels are concerned.
Why is it important to be “Top Ten”?
“Top Ten” states benefit from more jobs, higher incomes, and healthier economies. If Michigan were performing like a “Top Ten” state today, there would be: