Compete to Succeed Manufacturing Vision for Michigan 2023-2024 | Page 5

Compete to Succeed 5

ABOUT MICHIGAN MANUFACTURING

Michigan is the most diverse manufacturing center in the world .

Manufacturers in Michigan employ more than

14 % of the workforce .

There are more than

12,000 manufacturing companies in Michigan .

Manufacturing accounts for

$ 99.6 billion of Michigan ’ s total economic output

Manufacturers employ nearly

630,000 people .

Manufacturing employees earn an average annual compensation of

$

82,020

The average hourly wage for a Michigan manufacturer is

$

26.51

Sources : U . S . Bureau of Labor Statistics National Association of Manufacturers World Economic Outlook , International Monetary Fund
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