Michigan Economy Blog
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By Paul Traub       June 10, 2021

The Chicago Fed's Detroit Economic Activity Index (DEAI) was -0.07 in March 2021, down from +0.24 in the previous month. An index value greater than zero points to the city of Detroit's economic activity growing faster than trend, while an index value less than zero points to the city's economic activity growing slower than trend. The complete results of the most recent DEAI—for March 2021 (cover... Read More

Leading up to the Covid-19 pandemic and the related economic slowdown, many viewed Detroit as a city undergoing a renaissance. In 2018, just five years after Detroit’s historic bankruptcy filing, the city had reversed course, and the future looked promising.1 The city government was once again able to balance its budget; received multiple credit upgrades by the... Read More

By Paul Traub       March 4, 2021

The Chicago Fed's Detroit Economic Activity Index (DEAI) was –1.13 in December 2020, down from +0.08 in the previous month. All the monthly index values for 2020 are displayed in figure 1. Also featured are visual representations of the contributions from the index's four major categories: labor, trade, real estate, and income. An index value greater than zero points to the city of Detroit's econ... Read More

By Nicholas Kumamoto, Paul Traub       February 19, 2021

The uncertainty surrounding the Covid-19 pandemic was a common thread that ran through the presenters' discussions at the 27th Annual Automotive Symposium held virtually on January 13, 2021. Manufacturers, suppliers, product planners, industry forecasters, and policymakers agreed that the uncertainty about the virus and the effective rollout of vaccines are the biggest issues currently facing the... Read More

By Paul Traub       December 3, 2020

The Chicago Fed’s Detroit Economic Activity Index (DEAI) was +0.06 in September 2020, down from +0.51 in the previous month. For the entire third quarter of 2020, the DEAI value was +7.64, up from –5.21 in the previous quarter.1 The monthly index values for January through September of this year are displayed in figure 1. Also featured are visual representations of the contributions from... Read More

By Paul Traub       September 3, 2020

The Chicago Fed’s Detroit Economic Activity Index (DEAI) was +6.30 in June 2020, up from +0.42 in the previous month. For the entire second quarter, the DEAI value was –8.67.1 The index values for April, May, and June of this year are displayed in figure 1. Also featured are visual representations of the contributions from the index’s four major categories: income, labor, real estate, and tra... Read More

By Paul Traub       August 11, 2020

Over the past decade or so, higher education in the U.S. has faced three major disruptive factors—declining public funding, declining enrollments, and the rise of online instruction. The Covid-19 pandemic has only magnified these challenges, creating a perfect storm situation for many universities and colleges across the nation. Here, I discuss each of these three key factors chiefly in the c... Read More

By Paul Traub       June 4, 2020

The Chicago Fed’s Detroit Economic Activity Index (DEAI) was –1.98 in March 2020. For the entire first quarter of 2020, the DEAI value was +0.07.1 The DEAI’s value in March reflects the severe impact of the Covid-19 pandemic on the city’s economic activity. While Detroit’s population makes up just 6.7% of Michigan’s total population, Detroit accounts for 19.2% of all confirmed Covid-19 cases ... Read More

By Martin Lavelle       March 9, 2020

This blog looks at the current state of leading economic indicators for the state of Michigan to gain insight on the possible trajectory of the Michigan economy.1 There is a long tradition within economic analysis of analyzing leading economic indicators—current economy measures that are thought to indicate the direction of the business cycle six to nine months ahead of time. Perhap... Read More

By Martin Lavelle       March 9, 2020

This blog looks at the current state of leading economic indicators for the state of Michigan to gain insight on the possible trajectory of the Michigan economy.1 There is a long tradition within economic analysis of analyzing leading economic indicators—current economy measures that are thought to indicate the direction of the business cycle six to nine months ahead of time. Perhap... Read More

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