Oakland County’s Robust Economy Drives Down Jobless Rate

Oakland County’s economy is among the better performers in Michigan with a 4.6 percent jobless rate, County Executive L. Brooks Patterson recently announced. The U.S. Bureau of Labor Statistics indicates in its September 2015 report that Oakland County’s jobless rate outpaces the Detroit Metropolitan Statistical Area (5.7 percent) by 1.1 percentage points, edges Michigan (4.7 percent) by one tenth of a percentage point, and bests the United States (4.9 percent) by three tenths of a percentage … [Read more...]

Second Best Year Ever for Emerging Sectors® as 2013 Investment Tops $500 Million

Oakland County’s Emerging Sectors® business attraction and retention strategy had its second best year since inception, generating more than $518 million of investment in 2013 while creating or retaining 4,200 jobs. The year was second only to 2007 when $672 million was generated, due in large part to an expansion into Independence Township of McLaren Hospital. “We’re clearly charging out of the recession,” Oakland County Executive L. Brooks Patterson said. “I can’t wait for the 2014 … [Read more...]