Southeastern Michigan Economic Data Center
Elliott Hall, Room 302
275 Varner Drive
Rochester, MI 48309-4485

Insights

Presented by Flagstar Bank

Auto Sales Drop - Local Job Growth Continues
October 18, 2017

Despite a drop in U.S. auto sales Metro Detroit is experiencing steady job growth, which points to a reduced reliance on the auto industry and overall diversification of the economy.
Real Median Household Income - Metro Detroit Grows Faster than U.S.
September 29, 2017

Metro Detroit real median household income is $56,142 for 2016, up $2,514 or 4.7 percent from 2015. The one year growth rate in greater Detroit exceeds the U.S. growth rate in real median household income of 3.2 percent.
Home Prices in Metro Detroit are Accelerating
September 11, 2017

In each of the last 12 months annual home price gains in metro Detroit have exceeded the 20 city average. For June 2017 home prices increased by 7.55 percent locally year-over-year compared with 5.66 percent for the 20 city average.
Autonomous Vehicle Research: Where Metro Detroit Ranks
July 7, 2017

Metro Detroit has an opportunity to lead the nation in the development of autonomous vehicle technology. Innovation in autonomous and connected vehicles has the possibility to cross-over into other industries, accelerating and diversifying economic growth in the region.
The Latest Data on Startup Activity - Metro Detroit has stalled in its vital endeavor to become more entrepreneurial
June 26, 2017

The May 2017 Kauffman Foundation report on new business creation has the local region ranked 32nd in startup activity out of the 40 largest metro areas; a year ago it ranked 31st.
Metro Detroit Business Cycle
January 24, 2017

The Detroit business cycle is an outlier among major U.S. metro areas. It has by far the most months in recession and the least months in expansion, and has the lowest correlation with the national economy from February 1990 through June 2015.
Startup Activity in Metro Detroit – the most recent Kauffman Foundation data
October 17, 2016

Metro Detroit had one of the biggest upward movements in Startup Activity in 2016 compared with 2015. Progress is being made in advancing metro Detroit’s entrepreneurial outcomes. While metro Detroit had substantial gains in 2016, it remains below the startup activity levels of the U.S. and the 15 largest metro areas average.
Change in Economic Status of Metro Detroit Households: 2000-2014
July 14, 2016

The large increase in lower-income households combined with the decrease in middle and upper income households in Detroit over the 2000 to 2014 period is associated with the significant drop in manufacturing employment over this period, and declining wages for production workers.
Employment Growth 2006-2015
February 8, 2016

Employment locally has rebounded since the recession end at a rate consistent with other regions, but employment remains below 2006 levels.
SE Michigan Employment Before and After the Recession
January 14, 2016

Southeastern Michigan's job recovery from the recession is broad-based.
Metro Detroit Traded Clusters
November 12, 2015

Detroit’s economy remains exceedingly reliant on the Automotive and related traded clusters. Efforts to diversify the local economy have not been successful.
Per-Capita Real GDP
September 30, 2015

Metro Detroit has recovered from its severe economic decline that began before the Great Recession.
STEM Occupations
August 3, 2015

Detroit has an incredibly strong Architectural and Engineering base, which is counterbalanced by its weaknesses in the scientific fields. If Detroit can encourage growth beyond its current STEM generation in Engineering and Logistics, it may see substantial economic benefit.
Rate of New Entrepreneurs
July 27, 2015

Metro Detroit has further to go to become an entrepreneurship and innovation hub.
25 to 34 Year Olds with a College Degree
June 4, 2015

The availability of talented young workers plays a key role in economic growth and urban revitalization. While the Detroit-Warren-Livonia metro area ranks low in the growth of 25 to 34 Year Olds with a college degree and the percentage of these workers in the population, recent development in the City of Detroit and the movement of corporate headquarters from suburbs to downtown is changing the region’s attractiveness to talented young workers.
Venture Capital Investments
March 26, 2015

Michigan and Metro Detroit do not rank high as a recipient of Venture Capital investments. Venture capital is concentrated in the fast growing information technology, life sciences and biotechnology fields. These fields are not areas of relative strength in Metro Detroit.
Metro Detroit Lags U.S. in Apartment Construction
February 11, 2015

Metro Detroit lags other cities in apartment construction and in percentage of population in rental housing. The region needs to catch up to attract new workers.
Real Median Household Income - No Recovery from Recession
November 14, 2014

Real median household income for both Southeastern Michigan and the nation remains substantially below the levels of 2008, when the Great Recession started.
Manufacturing Revitalization in Southeastern Michigan
October 9, 2014

Since the end of the recession in June 2009 manufacturing employment in Southeastern Michigan has accelerated at a faster pace than that experienced in the Nation, a five-year period of sustained performance not seen previously.