Michigan / Jobs Gap to be filled by early 2020s

“Despite the solid recovery to date, there is still a fair amount of ground to be made up after the job loss suffered during the prolonged recession of the past decade,” said U-M economist George Fulton. “That said, Michigan does appear to be positioned for a longer run of economic prosperity.”

The state lost 857,700 jobs from 2000 through the beginning of 2010, a “spooky” figure, Fulton said. Michigan has recovered 226,300 jobs so far, and is expected to add another 147,200 through the end of 2015.

Those job gains would account for about four out of every nine jobs lost, and return the state to the employment level last seen in the first part of 2008.

So when will Michigan recover all of its lost jobs?

“March 15, 2022,” Fulton quipped, eliciting chuckles from state lawmakers. He said employment is likely to return to pre-recessionary levels in the early 2020s.

Chosen excerpts by Job Market Monitor

via Economist: Michigan should recover jobs lost from recession by early 2020s | MLive.com.