Also known as The Great Lake State, Michigan is the 10th most populated state in the USA with a population of 9,909,877. With respect to area, Michigan is ranked 11th in the 50 states. Lansing is the capital while Detroit is the largest city of Michigan. Michigan was the only state in the USA where the population decreased between 2000 and 2010.
Education level is quite high in Michigan, as the public schools of the state provide services to almost 1.6 million students. According to a survey, the budget set for education in 2008-09 was $14.5 billion.
According to a 2013 survey, the total gross state product of Michigan was $408.218 billion, which ranked the state 13th in the country. In February 2015, the estimated unemployment rate was 5.9%.
Manufacturing plays an important role in the economy of Michigan, the state is a large manufacturer of automobiles, aerospace, furniture and military equipment. Michigan is a mineral state with the largest production of minerals like iron and copper.
The reason behind the large production of automobiles and technical equipment is the handsome amount of technical workers. With 568,000 high tech workers, Michigan was ranked 4th in the state with the most technical workers.
Research is also a significant factor in the stable economy of Michigan, mainly at the University of Michigan and Wayne State University.
Agriculture is also a key part of Michigan’s economy. The state is a large producer of vegetables, fruits and crops. After California, Michigan is ranked 2nd in the diversity of agriculture in the United States. Other than soybeans, wheat, crop and sugar, milk is the most valuable agricultural product of Michigan.