Webb: Economy growing slowly, ‘boring’
Published: January 17,2013
JACKSON — An expert says Mississippi’s economy is growing slowly but still lags behind the pace of the U.S. economy overall.
State economist Darrin Webb spoke to lawmakers at the Capitol today. He says the state and nation have a “boring kind of economy” right now, with slow job growth and shaky consumer confidence.
Webb says Mississippi was one of only four states showing a decline in non-farm employment from 2011 to 2012. The others were New Mexico, Wisconsin and Rhode Island.
He says 26 of Mississippi’s 82 counties lost jobs from 2011 to 2012. That’s an improvement from the 46 that lost jobs a year earlier.
Treasurer Lynn Fitch told lawmakers the state has a solid double-A bond rating from all three ratings agencies.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Half century of memories — Christmas on Deer Creek to celebrate 50th anniversary
- Bryant wants free tuition for students with technical diploma
- Prison-contract task force working in wake of Epps' indictment
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi
- Analyst: KiOR Columbus plant may end up sold as scrap
- Prescott leads field for Conerly Trophy as state's best football player
- UM Chancellor Jones: Lymphoma treatment going well
- WILLOUGHBY: Bernie Reed cites hard work as key to success of Reed’s Metals
- BILL CRAWFORD: Bryant’s tax cut won’t stop spending growth