According to the forecast, the city’s unemployment rate will continue to fall from 18.7% in July 2013, when the city filed for bankruptcy, to 8.6% in 2019, and to 7.9% by 2023 and 2024, improving faster than the statewide measure.
![](https://detroit.umich.edu/wp-content/uploads/2020/02/detroit-forecas_44120433-1536x1048-1-1024x699.png)
According to the forecast, the city’s unemployment rate will continue to fall from 18.7% in July 2013, when the city filed for bankruptcy, to 8.6% in 2019, and to 7.9% by 2023 and 2024, improving faster than the statewide measure.