Michigan job market continues to rebound

05.01.2012


Michigan has worked to overhaul as its laws as it endeavors to fuel jobs growth.
Michigan has worked to overhaul as its laws as it endeavors to fuel jobs growth.

Michigan was significantly impacted by the recession, as the state's economy struggled as the nation's carmakers battled insolvency. The Big Three U.S. automakers, General Motors, Ford and Chrysler, laid off workers following the onset of the worst economic contraction since the Great Depression, but they have emerged stronger.

The state's economy is continuing to stage a recovery, as its unemployment rate has fallen to 8.8 percent. While that figure is still higher than the national average of 8.2 percent, it represents a significant drop from the height of the recession, when the state's unemployment figures topped 14 percent.

Michigan Governor Rick Snyder is set to sign into law new regulations that business officials in the state contend will lead to engineering staffing and environmental staffing, among other sectors. What's more, a number of experts affirmed the new rules would also support the start of new building projects in the state, potentially driving construction staffing.

Pete Bosanic and Mike Kulka, the founder of PM Environmental, said that the new legislation would directly support their firm. According to Bosanic, the overhaul of the state's business laws would help companies more easily access regulatory closures, which are sometimes difficult to obtain under the current architecture.

The governor has supported the shift in the regulations, which will affect the state's environmental laws, among a host of other provisions in its tax and regulatory policies.

"I think the immediate economic boost from the changes will be felt by the real estate, banking and private equity firms who do business in the state of Michigan," Kulka said recently.

Michigan has benefited from its favorable business climate, experts say, and the state is continuing to support regulations that will help drive staffing over the next few years. Public officials in Michigan are endeavoring to ensure that carmakers and other kinds of businesses choose to grow within state boundaries, and they have focused their attention on nurturing such relationships.

Aside from the uptick in engineering jobs in the state, carmakers have also increased their hiring over the past year. Chrysler, for example, has added workers as it works to keep pace with torrid demand, as the carmaker reported a sales gain of more than 50 percent in April.