DETROIT (WWJ) – New data released in a report called “139 Square Miles,” put out by the group Detroit Future City, shows Detroit’s population drain has slowed dramatically, and the economy is on the upswing.
Detroit’s population sits right now at just under 700,000, but population growth among millennials has increased by 10,000 since 2011, a positive sign for the city’s future.READ MORE: Johnson and Johnson Begin Vaccine Distribution After Receiving FDA Emergency Authorization
Payroll at Detroit firms show a 42 percent increase, which is 50 percent more than the national average.
Employment numbers are up in the city, and jobs are becoming available in not only the tech fields, but manufacturing jobs are returning to the city, as well. More than half the jobs in Detroit pay more than $40,000 a year.READ MORE: Stimulus Check Update: Some May See Even More Money From Potential Economic Relief Package
Only 20 percent of Detroiters have an associate’s degree or higher, and the unemployment rate among African Americans is 150 percent higher than white residents.
Detroit currently ranks as the 23rd largest city in the U.S.MORE NEWS: Hard Rock Hotels® Announces Development Plans For REVERB By Hard Rock™ Kalamazoo
The full report is available at DetroitFutureCity.com