News

Study: 2025 Michigan Economy to Grow Steadily in 2025

A report from Comerica Banks forecasts Michigan’s economy to grow moderately in 2025. // Stock photo Michigan’s economy is forecast to grow moderately in 2025 at a pace roughly around the same as in 2024, according to a study by economists at Comerica Bank. Although the state’s economy made gains in 2024, the averages masked “big” fluctuations during the year. “Michigan’s unemployment rate rose to the highest in nearly three years in the fall of 2024 as motor vehicle and parts manufacturers cut jobs,”