Here’s news you can use in a constantly changing business environment, including how auto sales could shield Michigan from recession, our state’s ranking in the life sciences sector, why indecision makes you smarter and more.

1. Auto sales to shield Michigan economy — Economists at the University of Michigan expect U.S. auto sales to grow in 2023, which could help shield Michigan from a recession.
2. Michigan life sciences sector grows — Employment in Michigan’s life sciences industry has grown to 44,340 jobs, ranking us in the top 15 states in the nation for industry size. Discover more about Michigan’s thriving life sciences employment outlook.
3. Business boom for recreation — The COVID-19 pandemic pushed people outdoors and Michigan’s outdoor recreation economy grew by 15.3% last year. That growth translates into $10.8 billion and 109,595 jobs. Learn more about Michigan’s booming outdoor recreation business.
4. Gender-balanced teams do better work — Analysis of scientific team performance reveals that gender-diverse teams perform significantly better and are more creative. Learn more about the effectiveness of gender-balanced teams.
5. Why you might want to put off a decision — While indecision is often considered a character flaw, it has its upsides, including shielding us from common cognitive errors such as confirmation bias. Discover how indecision can actually make you smarter.

Thank you to our Friday Five sources: MiBiz, Bridge Michigan, Kellogg Insight and BBC.

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