Michigan Economy Blog
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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 Paul Traub       March 5, 2020

The Chicago Fed’s Detroit Economic Activity Index (DEAI) was +0.32 in December—a little below its quarterly value of +0.42 for the fourth quarter of 2019. In 2019, each quarterly value of the DEAI was above zero, implying that the city’s quarterly growth rate managed to stay above its long-run trend throughout the year. Moreover, the DEAI’s annual value was +0.77 for 2019—higher than its ann... Read More

By Paul Traub       December 5, 2019

The Chicago Fed’s Detroit Economic Activity Index (DEAI) was +0.06 in September, down from +0.28 in August. The index averaged +0.51 over the past year. 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 history of the i... Read More

By Martin Lavelle       November 12, 2019

In this blog, I examine trends in homeownership and renting in Michigan since the end of the Great Recession. Specifically, I look at the differences in these trends for different household income groups. Table 1. Homeownership rate: U.S., Michigan, 2009–18 2009 2010 ... Read More

By Paul Traub       September 5, 2019

The Chicago Fed’s Detroit Economic Activity Index (DEAI) was +1.92 in June, up from –0.94 in May. The index averaged +0.46 over the past year. 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 history of the index throu... Read More

By Paul Traub       June 13, 2019

The Chicago Fed’s Detroit Economic Activity Index (DEAI) was –0.38 in March, down from +0.13 in February. The index averaged +0.55 over the past year, 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, while an index value less than zero points to the city’s economic activity growing slower than tr... Read More

By Paul Traub       March 14, 2019

The Chicago Fed’s Detroit Economic Activity Index (DEAI) was +0.99 in December, up from –0.33 in November. 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 history of the index through December is shown below (chart... Read More

By Martin Lavelle       February 4, 2019

Some cities, such as Detroit, are still at the beginning stages of their turnaround efforts. In contrast, other cities, such as Baltimore, are decades into theirs—but still well short of a complete rebound. Baltimore, like many other industrial cities seeking to increase their social and economic appeal, has undertaken several major infrastructure projects over the past few decades. For i... Read More

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