Michigan is #13 overall, #5 in public finance and #6 in labor economics.
I am puzzled a bit by the labor economics ratings, though, as it is hard to see how Chicago ends up below Berkeley. There are a lot of really good labor economists in Hyde Park. There are some in Berkeley too, but not nearly as many by my count.
Also a bit puzzling is Minnesota at #11; apparently US News does not share the view that you need to be a full service department (i.e. you need to do more than be really, really good at one style of macro) to get a good ranking.
Who was my favorite student this term?
6 months ago