News

Actions

Oakland Co. expected to add 44K jobs in 3 years

CORP-Digital-Default-Image-1280x720-WXYZ.png
Posted at 12:16 PM, May 05, 2016
and last updated 2016-05-05 15:41:39-04

With nearly 100,000 jobs added over the past five years in Oakland County, more jobs are expected to come to the county, according to a study from the University of Michigan.

According to U-M, the county is in its seventh year of recovery since the recession's low point in 2009. Over the next three years, there are expected to be 44,000 more jobs.

On top of the job growth, the county's unemployment rate is expected to drop to 3.3 percent by 2018.

"This is a promising profile for Oakland County moving forward, with the growing presence of the county in the technological evolution of the motor vehicle, and with the county's continuing focus on professional services that are becoming increasingly integral to the New Economy,” George Fulton said in a release. He works in the U-M Institute for Research on Labor, Employment, and the Economy.

Of the 44,000 jobs, 35 percent are expected to be in high-wage industries, which have average annual wages of $75,000 or more. Those jobs include testing labs, merchant wholesalers, engineering services and more.