Job Numbers are Much Much Higher Than Expected! What Does That Mean for Michigan?

Manufacturing, Tourism and Start-Ups
as a Michigan growth Strategy

New numbers came out from the Fed and job growth is more robust than originally expected. That is great news and in turn that is also an opportunity to ensure that growth will also raise opportunities for African American and Hispanic populations. Developing the broadest possible growth for society is important for developing fair economic development. There are different opinions on what those numbers mean and what we can expect so it is important to read diversely on the topic.

The Mackinac Center for Public Policy has a few comments on the disconnect between job growth and job announcements HERE. Different metrics reveal different insights and we can learn from them. Having a battery of metrics in the Digital Era will likely lead to greater understanding of how our economic engines work and thus lead to better decisions.

U-M forecasts furthermore indicates that Michigan should have a full recovery by the end 2021 with as much as a 2% growth in manufacturing jobs.. You can read about that HERE. 

The type of jobs Michigan attracts will be dependent on the industries we draw to our state. Adding manufacturing and tourism type jobs would seemingly have an impact opportunities for minorities; and others. Manufacturing brings back middle class jobs in a way that have real impact on families of nearly all backgrounds. 

I think the one thing that we all can agree upon is that making Michigan a place to invest, invent and build will increase positive opportunities. I might add that encouraging strong tourism (in addition to manufacturing and start ups) influences the creation of a more diverse economy and one in which attracts and retains top talent of different backgrounds. See Pure Michigan, SME, Start-Ups as a few ideas (I'm not saying they are the best ideas....I'm just saying they are ideas 😶.)

The articles and projects are considered market research and market forecast. You can read how each piece of the puzzle can be found by looking at both sides of an argument (Don't ever get stuck into a single way of looking at everything. That is called blindness.). Each piece of information fills in a gap of knowledge. HERE.  If you are an executive you will need to weigh these arguments to look at the provided evidence of different authors, scientists and intellectuals to make better strategic decisions. You can read about executive evidence based management HERE.

Strategy is built from assessing the environment, understanding the data, looking at our SWOT, and in turn making a strategic decision that appears to match certain economic, scientific and technology trends.