UM-Dearborn innovation index shows a boost in jobs

Nothing says progress like an innovation index. Right folks? No, really, all kidding aside, in the third quarter the University of Michigan-Dearborn College of Business's innovation index showed the greatest quarterly increase since its 2006 inception.


Some signs of job creation were enough to boost innovative economic activity in Michigan during the third quarter of 2009, according to the "innovation index" compiled by scholars at the University of Michigan-Dearborn College of Business.

After a drop to 80 in the second quarter from 96 in the first quarter of 2008, the index showed a third quarter improvement, jumping to 86.9.  

"The 6.9 (point) increase for the quarter is the largest since the index was created in 2006," said Lee Redding, associate professor of business economics and director of the Innovation Index at the UM-Dearborn College of Business.

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