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Michigan’s Recovery is Second Fastest in US

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GM headquarters in Detroit by James Marvin PhelpsMichigan’s economy is recovering from the recession at the second-fastest pace in the U.S., lifted by reviving carmakers and local manufacturers, according to the new Bloomberg Economic Evaluation of States Index.

The home of Detroit was topped only by North Dakota, where an oil boom is raising incomes at the nation’s quickest rate. California, Massachusetts and Illinois round out the top five.

The index measures growth since 2008, when the country was mired in recession and as General Motors and Chrysler were on the path to bankruptcy.

(READ the story in The Detroit News)