A Look at Michigan through 2016-2017
• Construction is coming back.
The construction industry has picked up in recent years, contributing about 7,000 jobs per year during each of 2013 and 2014. That was compared to paltry gains of a little less than 3,000 per year in 2010, 2011 and 2012.
Now, the sector is expected to grow more substantially to 10,000 jobs per year from the end of 2014 through 2017.
• Tourism continues to contribute.
When people had little extra money to spend on vacations, the travel industry slumped and job growth in the sector slipped to 5,000 new jobs in Michigan in 2014. But the leisure and hospitality sector rebounded in 2015 to add about 11,000 jobs. More growth is on the horizon, with an additional 20,000 jobs expected to be filled through 2017.
• Government jobs finally turn positive.
The government sector in Michigan lost 96,000 jobs in the 13-year span from the end of 2002 to the end of 2015 as property values plummeted and tax revenues dried up. But thanks in part to rising real estate sales and prices, the public sector could finally turn around in 2016, which is expected to see a modest, but important breakthrough in net job gains of 600.
• Manufacturers won’t add as many jobs.
Manufacturing contributed about 20,000 jobs per year during the past three years. But forecasters at the University of Michigan see the pace of growth for the sector slowing to 5,000 new jobs per year during each of 2016 and 2017. The deceleration could be evidence of a more mature economy and slower, but more sustainable growth in vehicle production compared with today.