Snyder touts economic turnaround in State of State

January 16, 2014 • Business

FILE– In this Jan. 16, 2013 file photo, Michigan Gov. Rick Snyder delivers his third annual State of the State address to a joint session of the state Legislature in the Capitol in Lansing, Mich. Snyder typically isn’t bashful about unveiling major initiatives at his annual State of the State speech. [auth] This election year, though, could be more of a pep talk and run-down of his accomplishments. (AP Photo/Carlos Osorio)

LANSING, Mich. (AP) — Gov. Rick Snyder has hammered hard at his description of Michigan as the “comeback state” in the opening minutes of his annual State of the State address.

Snyder told legislators at the Capitol on Thursday night that Michigan’s economy has come a long way from the dark days of the Great Recession.

Trotting out a list of economic statistics, Snyder says Michigan’s auto industry has doubled output since 2009 and is at the highest level since 2005.

He says that home sales, prices and new construction are rising and a population decline has reversed.

Snyder says the size of Michigan’s labor force is growing for the first time in years as well, and the number of people moving out is in balance with the number moving in.

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