By Michigan Radio Newsroom
A new report from the United States Commerce Department found that economic recovery is occurring in Michigan. According to the survey, per capita personal income rose in nearly every Michigan county last year.
Charley Ballard, Michigan State University Professor of Economics explained that although improving, Michigan’s economy still has further to go.
Ballard began by defining the factors of per capita income.
“It’s their wages and salaries. It also included dividends and social security. It doesn’t include Medicare. They add up all of the income of all the people in Michigan and then divide by the number of people,” said Ballard.
Though improved, Michigan is still well below the national average of per capita income.
Read more