New data was released yesterday from Michigan's Office of Labor Market Information that indicates Michigan's economy may be recovering. The state unemployment rate dropped from 14 percent to 13.6 percent, marking the fifth straight month of decreasing unemployment rates. National figures will be released Friday.

In addition, a little heralded release of the job turnover shows that Michigan's net job creation and destruction leveled off in the third quarter of 2009 following four quarters of large increases in job losses.

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There aren’t many policies that get near unanimous support from economists, but free trade is one of them. Despite this, a central theme of the 2016 presidential campaign, heard from both political parties, was that free trade was somehow harmful to the United States and corrective action was needed. Mark Perry, an economics professor at the University of Michigan-Flint and scholar with the American Enterprise Institute, makes the case for why President Trump’s assessment of free trade is misguided.

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