Michigan Economy Blog
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By Paul Traub       December 6, 2018

The Chicago Fed’s Detroit Economic Activity Index (DEAI) was +1.51 in September, up from +0.44 in August. An index value greater than zero points to the city of Detroit’s economic activity growing faster than trend and a value less than zero points to the city’s economic activity growing slower than trend. The complete history of the index through September is shown belo... Read More

By Paul Traub       September 6, 2018

The Chicago Fed's Detroit Economic Activity Index (DEAI) was –0.19 in June, which points to economic growth slightly below trend for the city of Detroit that month. Over the past year, the index has averaged +0.36, which is above its long-run average. An index value greater than zero points to the city of Detroit’s economic activity growing faster than trend and a value less than zero... Read More

By Martin Lavelle       August 23, 2018

Michigan’s unemployment rate fell in 2017 to 4.6% for the eighth consecutive year since peaking at 13.7%1 in 2009. The drop from the peak–over 9 percentage points—is the largest recorded in any state during that time. The state’s labor market has arguably strengthened each year of its economic recovery from the Great Recession. And the size of the labor force and labor for... Read More

By Paul Traub       June 11, 2018

In the spring of 2017, the Federal Reserve Bank of Chicago published a Chicago Fed Letter article that introduced an index that was developed to track the economic activity in the city of Detroit. This new index was called the Detroit Economic Activity Index (DEAI), and it was also briefly discussed in an earlier Michigan Economy blog entry dated April 27, 2017. The DEAI uses 23 Detroit-specific ... Read More

By Martin Lavelle       May 23, 2018

In this blog entry, I look at whether targeted public investments in certain Detroit neighborhoods has helped produce higher homes values in those parts of the city. Before going over the results of such efforts, first let me explain why some have considered targeted investments to be a worthwhile approach to addressing some of the city’s problems. In 1950, Detroit’s population r... Read More

By Martin Lavelle, Daniel McMillen       May 16, 2018

Since the early 1990s, the housing market in Wayne County, Michigan, whose county seat is Detroit, has experienced substantial price swings. Housing market volatility has varied by municipality (and by neighborhood within Detroit). Changes in the Wayne County housing market show us which areas have thrived and which have struggled in the past quarter century or so. In this blog post, we take ... Read More

By Martin Lavelle       January 12, 2018

In September 2017, Amazon announced its search for a second North American headquarters location. Ultimately, 238 North American metropolitan areas submitted bids within the six-week allotted period, including several in the Seventh District 1. In this blog, I examine the potential Seventh District contenders based on some important criteria relating to logistics, business environment, and la... Read More

By Paul Traub       May 17, 2017

At the final event of its 2016–17 events calendar, the Detroit Association of Business Economists (D.A.B.E.) hosted three presentations on what it takes to own and operate a vineyard (where grapes are grown) or winery (where grapes are processed into wine) in Michigan. The event took place on May 11, 2017, at the Detroit Branch of the Federal Reserve Bank of Chicago. While it may sound roma... Read More

By Martin Lavelle       August 15, 2017

In a blog entry last year, I investigated the tightness of Michigan’s labor market after the state’s unemployment rate had reached its lowest point since 2001. More recently, in June 2017, Michigan’s unemployment rate achieved yet a new low during the current expansionary cycle, falling to 3.8%. The summer of 2000 is the last time Michigan’s unemployment rate fell below 4%... Read More

By Thomas H. Klier, Martin Lavelle       June 15, 2017

On June 1–2, 2017, the Federal Reserve Bank of Chicago held its 24th annual Automotive Outlook Symposium (AOS) at its Detroit Branch.1 In this blog entry, we cover the first day’s panel, which was on autonomous vehicles and battery electric vehicles (BEVs).2 The panel’s three experts focused on how these types of vehicles might affect personal mobility and the organization of ou... Read More

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