Despite the increase, unemployment does remain down from a year ago.
The $9.4 billion estimate is $2.9 billion, or 45 percent, higher than estimates provided to legislators at a revenue-estimating meeting in January.
Comerica Bank’s Michigan Economic Activity Index increased in April, up 1.3 points to a level of 122.4.
Michigan is rebounding from the Great Recession and making major strides in its business climate, says a new report from Ball State University.
The latest event and meeting news from Michigan’s technology-focused companies, institutions and groups
Comerica Bank’s Michigan Economic Activity Index saw a bounce back in December, rising 1.7 points to a level of 102.7.
Comerica Bank’s Michigan Economic Activity Index dipped in August, declining 1.2 points, to a level of 106.6.
Comerica Bank’s Michigan Economic Activity Index jumped 1.9 points in May, to a level of 103.9.
There will be no shutdown of state government this year as state lawmakers have put the finishing touches on this year’s budget, about three months ahead of the deadline.
According to the Bureau of Labor Statistics, Michigan registered the largest jobless rate decrease from April 2011 to April 2012, decreasing 2.2 percent from 10.5 percent to 8.3 percent.