Michigan

Monthly % Change

Annual % Change

Labor Market

Jun-10

Apr-11

May-11

Jun-11

Unemployment Rate

12.6

10.2

10.3

10.5

1.94%

-16.67%

Jun-10

Apr-11

May-11

Jun-11

Nonfarm Employment (thousands)

3867.8

3913.0

3903.2

3921.2

0.46%

1.38%

Jun-10

Apr-11

May-11

Jun-11

Mfg. Employment (thousands)

480.1

494

498.4

497

-0.28%

3.52%

Economic Activity

Jun-10

Apr-11

May-11

Jun-11

Housing Permits

951

758

775

865

11.61%

-9.04%

May-10

Mar-11

Apr-11

May-11

Total Exports (millions of $)

3895.3

4717.8

4322.7

4295.2

-0.64%

10.27%

2007

2008

2009

2010

Gross Domestic Product (millions of $)

387,086

375,436

369,671

384,171

3.92%

Federal Government Spending / Taxation

2006

2007

2008

2009

Total Spending (millions of $)

67,332

71,652

82,933

92,003

10.94%

2006

2007

2008

2009

Per Capita Spending ($)

6,671

7,114

8,290

9,228

11.31%

2007

2008

2009

2010

Total Tax Burden (thousands of $)

69,923,907

66,618,158

56,050,689

53,797,386

-4.02%

2006

2007

2008

2009

Per Capita Tax Burden ($)

6,937

6,943

6,660

5,622

-15.58%

Demographics

2007

2008

2009

2010

Population

10,051,145

9,999,456

9,955,260

9,883,640

-0.72%

2007

2008

2009

2010

Poverty Rate

14

14.4

16.2

16.8

3.70%

2006

2007

2008

2009

Med. Household Income (dollars)

47,182

47,950

48,591

45,255

-6.87%

2007r

2008r

2009p

2010p

Per-Capita Income (dollars)

34,423

34,953

34,025

35,597

4.62%

Educational Attainment Rate (25+)

2009

Age Groups

2009

Less Than 9th Grade

3.7

< 5 yrs.

6.2

9th-12th Grade, No Diploma

8.4

5-17

17.4

High School Graduate (incl. equivalency)

31.1

18-24

10.0

Some College, No Degree

24.1

25-34

12.1

Associate's Degree

8.2

35-44

13.4

Bachelor's Degree

15.2

45-54

15.4

Graduate or Professional Degree

9.4

55-64

12.1

65-74

7.1

75-84

4.5

85+

1.8

 

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