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Miss. economy growing, but slower than region and nation

JACKSONeconomy-changes-affect-your-sales-funnel — An expert says Mississippi’s economy is growing but still lags behind regional and national recovery from the Great Recession.

State economist Darrin Webb told legislators Thursday that there are reasons for optimism. He says plummeting gasoline prices are especially helpful to consumers in low-income states like Mississippi.

Webb says the number of unemployment claims in the state decreased during 2014, and people with manufacturing jobs in Mississippi were working more hours per week, which is good news.

The state’s gross domestic product is expected to increase 2.4 percent this year, up from 1.3 percent in 2014.

However, Mississippi ranked ninth worst nationally for growth in nonfarm employment from 2013 to 2014. The state had the fifth-worst salary growth nationally during the first nine months of those two years.

 

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