Pockets of prosperity survive in Metro Detroit despite economy

While Michigan cities are seeing trying economic times, other cities, especially those in Oakland County, are prospering.

Excerpt:

Indeed, Rochester Hills, Canton Township, Livonia, Northville, Royal
Oak, Novi and others have jobless rates below 5 percent, a figure
Detroit hasn’t seen in decades. Several of these communities are
approaching full employment, in which everyone who wants a job has one,
save for those who are between jobs. Elsewhere in Michigan, overall
jobless rates range from 6 percent in Washtenaw County to 19 percent in
Mackinac County.

Experts say there are two common denominators
to economic success: a highly educated population and a reduced
reliance on manufacturing jobs like those tethered to the reeling
automotive industry. High-tech, health care and service based jobs have
weathered the prolonged downturn better.

“You’ll see a direct
correlation on unemployment rates and individual levels of educational
attainment,” said state economic analyst Bruce Weaver. Translation: If
you’ve got a college degree, you’re far more likely to also have a job.

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