Much like it was discussed at this year’s Economic Outlook Luncheon, Oakland County is on the up-and-up for job growth! According to the May 2014 jobs numbers just released by the Bureau of Labor Statistics (BLS), Oakland County has 11 percent more jobs than it did in 2010.
Dan Hunter, market research analyst for Oakland County’s Department of Economic Development & Community Affairs, compared Oakland County to other counties of similar size – and we’re at the top of the table. “Oakland County plays a significant role in Michigan’s economic recovery because of our deep dive into the knowledge-based economy,” Oakland County Executive L. Brooks Patterson said in a press release.“And from the looks of it, we are a leader in the nation as well.”
In 2004, Patterson launched the Emerging Sectors initiative, geared towards diversifying our economy, which identified the top 10 sectors that will attract and retain sustainable, high-paying jobs to the region in the 21st century. Last year, Emerging Sectors celebrated it’s $2 billion investment mark, and the most recent numbers show$2.71 billion invested from 284 companies, creating 31,379 jobs and retaining 16,282 more.
To learn more about the Emerging Sectors initiative, visit our website HERE.