| Michigan |
 |
|
| Labor
Market |
Mar 07 |
Jan 08 |
Feb 08 |
Mar 08 |
Monthly
%Change |
Annual
%Change |
| Unemployment
Rate (%) |
7.0 |
7.1 |
7.2 |
7.2 |
-- |
-- |
|
Nonfarm Employment (1,000) |
4,286.8 |
4,232.9 |
4,234.5 |
4,212.6 |
-0.5 |
-1.7 |
| Mfg.
Employment (1,000) |
629.5 |
597.0 |
598.1 |
583.3 |
-2.5 |
-7.3 |
| Mfg.
Avg. Hourly Earnings ($) |
21.87 |
22.23 |
22.45 |
22.67 |
1.0 |
3.7 |
| Economic
Activity |
Mar 07 |
Jan 08 |
Feb 08 |
Mar 08 |
Monthly
%Change |
Annual
%Change |
| Housing
Permits |
1,561 |
686 |
649 |
613 |
-- |
-60.7 |
| Per-Capita
Income ($) |
1996
24,306
|
2003
31,116
|
2004
31,550
|
2005
32,694
|
2006
33,788
|
-- |
| Med.
Household Income ($) |
2002-04
47,064 |
2003-05
47,300
|
2004-06
47,444
|
-- |
-- |
-- |
| Gross
Domestic Product (millions$) |
2002
349,837
|
2003
359,030
|
2004
363,380
|
2005
372,148
|
2006
381,003
|
-- |
| Total
Exports (1,000$) |
2003
32,941,109
|
2004
35,625,008
|
2005
37,584,052
|
2006
40,405,378
|
2007
44,371,424
|
9.8 |
| Government
Spending |
Fiscal
03 |
Fiscal
04 |
Fiscal
05 |
Fiscal
06 |
-- |
-- |
| Fed.
Spending (millions$) |
57,870 |
60,488 |
64,787 |
67,352 |
-- |
-- |
| Per-Capita
Spending ($) |
5,741 |
5,981 |
6,410 |
6,667 |
-- |
-- |
| Total
Tax Burden (millions$) |
57,379 |
60,866 |
66,326 |
NA |
-- |
-- |
| Per-Capita
Tax Burden ($) |
5,692 |
6,019 |
6,562 |
NA |
-- |
-- |
| Return
on Fed. Tax Dollar ($) |
0.89 |
0.88 |
0.94 |
NA |
-- |
-- |
| Demographics |
1980 |
1997 |
2006 |
2007 |
Annual
%Change |
Decade
%Change |
| Population
(1,000) |
9,262 |
9,785 |
10,102 |
10,072 |
-0.3 |
2.9 |
| Poverty
Rate (%) |
2002-04
12.1 |
2003-05
12.2 |
2004-06
12.9 |
-- |
-- |
-- |
|
Educational
Attainment
Census 2000 (%) |
High
School |
Bachelor
Degree |
-- |
-- |
-- |
-- |
| 83.4 |
21.8 |
-- |
-- |
-- |
-- |
| Age
Groups |
0-17 |
18-24 |
25-64 |
65+ |
-- |
-- |
| Age
Distributions (total, 2006) |
2,478,356 |
982,823 |
5,373,600 |
1,260,864 |
-- |
-- |
| Age
Distributions (%, 2006) |
24.55 |
9.74 |
53.23 |
12.49 |
-- |
-- |
| |
NA=Not yet available.
U.S.
Census Bureau State Profile of Michigan
Bureau
of Economic Analysis Data on Michigan
Michigan Manufacturing
Profile
Michigan Economic/Labor/Environment
Web Sites
Economic
Data
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