Detroit Leading Nation in Income Growth?

Yes, shockingly.  If you did a double take when reading that, I don’t blame you.  The Detroit-Warren-Flint Census Metropolitan area experienced a surge of 4.9% in the past year, leading all other metropolitan areas.  This could well be because Detroit is growing from a much lower point than a lot of other areas.  The region has been decimated by a prolonged economic contraction that ended only this year, so it’s starting off from a lower starting point than other areas, which means that whatever growth takes place will make a larger impact than it would elsewhere.

Still, let’s not look a gift horse in the mouth.  I suppose that having private sector incomes rise faster in Motown is a pretty good consolation prize for not having won the World Series, right?

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