Oakland County’s economy surges after giving big aid to small business | #itsecurity | #infosec

The University of Michigan’s annual economic forecast for Oakland County shows that Michigan’s richest big county is bouncing back and then some from the pandemic’s recession.

The county is poised to surpass pre-pandemic employment levels late this year, a good omen for all of southeast Michigan — because Oakland’s typically strong economy is an engine that drives much of the regional economy, according to a team of U-M economists.

The economic experts said they were cheered by Oakland County’s last 12 months of dramatically dropping jobless rates and rising wages. Still, they warned that national and global factors, such as inflation and the war in Ukraine, still pose economic risks that could set back households throughout the county and Michigan as a whole.

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