No. 12 Michigan In The Current Recovery: A Historical Prespective
Michigan's heritage is one of economic strength. In the past decade, however, Michigan has fallen to a position of relative weakness. This fall has been symbolized by the exodus of many Michigan firms, the decline of the domestic automobile industry as a major employer, and the selection of other states for the location of new automobile manufacturing plants.
Since 1983, Michigan has benefited greatly from the national economic recovery. Indeed, some claim that Michigan's performance in the recovery has earned it the title "The Comeback State," as its unemployment rate dropped and its state government finances improved.
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