Nebraska saw the smallest decline of 1.3 percent, according to BEA estimates.Among industries, accommodation and food services decreased 26.8 percent, more than any other sector.
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Later that week, March 21, she ordered the closing of “non-essential services” such as spas and barbershops.Throughout June, Whitmer began to relax restrictions, but continued to exercise executive authority indefinitely despite well-attended protests at the state Capitol and elsewhere as well as several lawsuits, including one unsuccessful attempt orchestrated by the Republican-led state legislature.Last week, prior to the July 4 weekend, Whitmer ordered closed all establishments deriving more than 70 percent of gross revenues from alcohol sales.New York and Nevada saw the biggest GDP decline among states at 8.2 percent, followed by Hawaii. She also restricted all bars and restaurants to curbside, delivery and takeout orders on March 16. While the manufacturing sector comprised the largest share of 2018 U.S. real GDP growth, its share (17.2%) was substantially smaller than for Michigan. 262 0 obj <>/Filter/FlateDecode/ID[<6C4CD28598F8C54382FECED41522A302><362A44E3D44B6F4E91613A015EA54A52>]/Index[241 54]/Info 240 0 R/Length 104/Prev 190842/Root 242 0 R/Size 295/Type/XRef/W[1 3 1]>>stream Every state and … Michigan was one of the states hit hardest by the recession, but pro-growth reforms have led to the state’s gross domestic product enjoying an average annual growth of 2.3%.
Gov. Total Real Gross Domestic Product by Industry for Michigan Millions of Chained 2012 Dollars, Quarterly, Seasonally Adjusted Annual Rate Q1 2005 to Q1 2020 (Jul 7) Median Household Income in Michigan Business Leaders for Michigan is pleased to provide a fact-based assessment of Michigan’s economic competitiveness relative to other states.
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He previously worked as editor at the Mackinac Center for Public Policy’s MichiganScience magazine and The Heartland Institute’s InfoTech & Telecom News.Email notifications are only sent once a day, and only if there are new matching items. 294 0 obj <>stream 4 Household Unemployment and Employment Page 2 • In March 2019, the Michigan unemployment rate remained unchanged from last month at 4.0 percent. Gretchen Whitmer delivers a news conference on May 13, 2020. The annual change in GDP of Michigan was 2.28% in 2018. ���(z���BiK�b#BI>�74Z��������"�J��������f�pή駼X��*�������˄�b��Z���C�Y�J�zw��t^��8=���tq_H:I�f'�z���tz�g��Y��h`� H �|�x���t�l>%7�*�>O�o}�]�\1F��x������яI Michigan GDP: 541.55B Chn 2012 USD for 2019. Your notification has been saved. We compare Michigan’s performance on key output (e.g., employment, personal income) and input (e.g., taxes, education) metrics annually to that of “traditional,” “new economy,” and “Top Ten” benchmark states. Category: GDP; Region: Michigan; Report: Regional Economic Accounts; Source: Bureau of Economic Analysis; View Full Chart Chart.
of $ - SAAR: 541622: Q1 2020 Total GDP for Michigan Mil.
This is a change of 2.74% from one year ago. GDP Michigan GDP growth since Great Recession is region’s highest.
Agriculture, forestry, fishing and hunting increased 15.5 percent nationally, moderating declines in some states including Nebraska.Bruce Walker is a regional editor at The Center Square.
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Nationally, GDP was down an estimated 5 percent.
Gretchen Whitmer delivers a news conference on May 13, 2020.
share of 2018 Michigan real GDP growth (53.3%).
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GDP of Michigan