On May 1st, over 600 people gathered at the Detroit Marriott – Troy for the 29th annual Oakland County Economic Outlook Luncheon, where University of Michigan economists Dr. George Fulton and Don Grimes presented their forecast for Oakland County’s economy.
In their report, it’s been determined that Oakland County is in its fifth year of recovering from the 2008-2009 recession. Even more, it is projected that Oakland County will reach “full employment” (an unemployment rate of 5%) in 2016 – below the projected national average.
Pre-lunch press conference, reviewing the Economic Outlook for Oakland County.
“We are galloping towards our goal of full employment in Oakland County,” Oakland County Executive L. Brooks Patterson said.