Source: George Kavallines
Economic Profile
Governor: Rick Snyder, Republican
Population: 9,922,576
GDP growth: 1.4 percent
Unemployment rate (May 2016): 4.7 percent
Top corporate tax rate: 6.0 percent
Top individual income tax rate: 4.25 percent
Gasoline tax: 49.91 cents/gallon
Bond rating/outlook: Aa1, stable
Major private employers: Ford Motor Co., The Dow Chemical Company
Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, S&P Global Market Intelligence
