Moderate outlook for Oakland County’s short-term economic future – The Oakland Press

Earth Orbit Technologies President and chief engineer Leon Brown talked about the benefits of working with Automation Alley and participating in Project Diamond during the Oakland County economic forecast in Novi on May 8, 2024.

(Peg McNichol/MediaNews Group)

Oakland County retains its standing as Michigan’s economic driver, thanks to a good credit rating, job stability, higher wages and other positive signs, according to a University of Michigan economic report.

That’s one finding from a three-year forecast by researchers at the University of Michigan presented to county, business and education officials Wednesday at the Suburban Collection Showplace Novi.

Others include an unemployment rate lower than the state average, job growth of 1% a year through 2026 led by healthcare and social services, and the highest economic output in Michigan and 14 other states.

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