Though winning streaks by sports teams are hardly a barometer of economic health, Detroit is getting kind words from both the press and statistics as of late. We're far from any kind of recovery, but as the
Wall Street Journal
points out in their like note to the region, things are starting to look up.
"But for locals, it appears there's more to cheer about than Yankee third baseman Alex Rodriguez's game-ending strikeout, or the Dallas Cowboys' second-half collapse against the Lions last Sunday.
The state's unemployment rate remains higher at 11% than the national average, but it has fallen by 1.5 percentage points since July 2010—a larger percentage drop than all but three other states—and is down from a peak of over 14% in late 2009. Housing prices in Metro Detroit have ticked up after years in freefall, as more young home buyers seize bargains in the suburbs and the city."
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