Detroit Stats

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Category: Output & Income (page 1 of 2)

Michigan is Worse Than Most States For Business

For 83 straight months, nearly seven years, the U.S. private sector has added jobs. Unemployment has steadily declined and remains close to a 10-year low. And with investors confident about the economy, the Dow Jones Industrial Average broke through the 20,000 mark early this year. By these and other key measures, business in the United […]

Roads in Michigan Are Better Than in Most States

In its most recent assessment, the American Society of Civil Engineers gave the United States a failing grade for its infrastructure. According to the group, $3.6 trillion would be needed to raise the standard of America’s roads to acceptable levels before 2020. To determine the states with the worst roads, 24/7 Wall St. reviewed statistics […]

Automobile Parts Are the Top Selling Products in Michigan

The United States exported a total of $2.26 trillion worth of goods and services in 2015, down slightly from a record high of $2.38 trillion in 2014. Exports accounted for an estimated 12.6% of total U.S. GDP and were a significant part of every state’s economy. Without exception, each state in the country exported more […]

Hospitals and Nursing and Residential Care Facilities is the Largest Industry in Michigan

Dozens of industries across all 50 states comprise the U.S. economy — the world’s largest economy accounts for more than a quarter of global GDP. Several states, including California and New York, generate more output than several countries, including Belgium, Poland, and Turkey. Texas’s largest industry alone produces more in economic output than the entire […]

Jim Harbaugh is the Highest Paid Public Employee in Michigan

Nick Saban, head coach of the men’s football team at the University of Alabama, is paid more than $7 million annually. He is the highest paid employee of all U.S. workers employed by a local or state government. In the vast majority of states, college football and basketball coaches are the highest paid public employees. […]

Michigan is the 18th Poorest State

The U.S. Census Bureau released on Wednesday new data from its 2015 nationwide population survey. According to the annual survey, the national median household income rose to $55,775 in 2015. No state reported income declines. While 39 states reported significant increases in household income, income levels in 11 states remained the same. 24/7 Wall St. […]

Detroit is the 11th Worst Paying City for Women

Former Secretary of State Hillary Clinton has recently made history as the first female nominated for president of the United States. Her nomination brought some long-standing issues of gender equality to the political foreground. While progress has been made over the years, there is still a real and significant gender pay gap in the American […]

Michigan is the 12th Most Valuable State

A recent study estimates that the combined value of all land in the contiguous United States is worth nearly $23 trillion. The most valuable state, according to the survey, is California, which accounted for 17% of the total value of the 48 bordering states. New Jersey, however, had the most valuable real estate relative to […]

The Value of a Dollar is the 22nd Highest in Michigan

While a dollar bill looks and feels the same all over the United States, its value is often very different depending on where it is used. The prices of housing, food, and services, vary considerably across the country. To highlight these differences, which reflect the relative purchasing power of Americans, 24/7 Wall St. calculated the […]

Michigan Ranks 26th in Income Growth

The combined sum of all income received by all Americans was $12.2 trillion in 2010. It was the end of what many economists consider the worst decade for the American economy since the 1930s. During the Great Recession GDP growth slowed to a crawl, and unemployment climbed to levels not seen in decades. Starting in […]

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