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The Last "Bad Economic News for Michigan" Forecast We'll Post ...

at least we really, really hope it's the last The Lansing State Journal reports that Michigan's leading economists warned Thursday that more tough times lie ahead: more plant closings, more layoffs, fewer jobs - at least through 2007. State officials project Michigan's unemployment rate will average 7.1 percent this year and next (up nearly 1% from November 2005). Regarding auto industry predictions, Sean McAlinden, chief economist for the Center for Automotive Research said: "GM will soon become the size of Ford; Ford will become the size of Chrysler, and Chrysler, thank God, will stay the size of Chrysler."

Read Will Mich. see recovery soon? Not in '06, state analysts say in the LSJ
Also see Granholm: Michigan Is the Center of 21st Century Innovation from the MEDC

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