As the city’s economy approaches full employment and inflation subsides, the economists expect wage gains to outpace inflation from 2024 to 2027.
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August 26, 2022
U-M forecast: Detroit economy overcoming pandemic challenges while grappling with recession fears
The forecast calls for the city to add 11,300 payroll jobs this year and 6,100 in 2023, the year in which the city is expected to recover to its pre-pandemic level.
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August 23, 2021
Detroit’s jobless rate drops faster than expected, some sectors show strong growth, U-M forecast finds
The study finds the average wage rate at jobs located in Detroit last year was around 23% higher than in the state overall. However, high wages at those employers don’t translate into high average wages for city residents. Wage and salary income for an employed resident averaged $36,100 in 2020.
