The University of Michigan’s economic forecast for Michigan sees the state’s economic recovery continuing through 2018 with the creation of 41,600 jobs in 2017 and an additional 50,000 in 2018. This job growth is smaller than it has been in recent years, and the forecast attributes this to the tightening labor market. Gardey Financial Advisors has been searching for an Administrator and our recent experience supports this idea of a tighter labor market. (As of the writing of this e-newsletter, however, it looks like we are close to hiring someone.) The forecast calls for 2.2% inflation and 1.4% real disposable income growth in 2017 and 1.9% inflation and 2.4% real disposable income growth in 2018. Overall, the forecast is decent.

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