89.1 WEMU

More Jobs, Higher Wages Predicted For Washtenaw County In Annual Economic Forecast

Mar 23, 2016

 

 

George Fulton, University of Michigan
Credit University of Michigan

Washtenaw County’s economic forecast for this year is looking bright.

 

Technology, healthcare, higher education and research and development will be the sectors with the most growth in 2016, according to George Fulton, an economist with the University of Michigan.  Fulton presented his 31st forecast for Washtenaw County during a luncheon at Washtenaw Community College on Tuesday.

 

Fulton says,

 

“I think the forecast is a very upbeat forecast. I think we’re going [to see] continued job growth over the next three years.  We think over that period of time the Washtenaw economy is going to approach full employment.”

Fulton projects an unemployment rate of 2.5 percent for the county by 2018.  “And we see all of that with some upward movement in wages, finally, and also moderate inflation,” he says.

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— Amanda LeClaire is a reporter and producer for 89.1 WEMU News.  Contact her at 734.487.3363 or email her aleclair@emich.edu