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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February 18, 2022
U-M forecast: Detroit economy showing ‘resilience’ in face of pandemic downturn, though challenges persist
The Detroit Economic Outlook for 2021-26, released Friday, notes challenges in gathering economic data during the pandemic but says the city “has shown resilience in the face of an unprecedented downturn.”
