Mississippi Business Journal » American Recovery & Reinvestment Act ARRA

American Airlines to send pilots home

Associated Press — Fri, 22 Jan 2010 16:32:05 +0000

FORT WORTH, Texas — American Airlines says it will lay off up to 175 pilots beginning next month because it needs fewer pilots after cutting some flights . American today sent notices to 80 pilots, telling them that they will lose their jobs at the end of February. A spokesman said there could be a [...]

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Be realistic with the stock market in 2010

Nash Nunnery — Mon, 28 Dec 2009 06:01:22 +0000

Though not a soothsayer, state economist Phil Pepper believes predicting the economic forecast for 2010 is rather simple. Be realistic, he says. “I think we will see the economy improve gradually in 2010,” he said. “But the growth will be slower than what people want or expect. I’d say I’m not optimistic or [...]

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Mississippi Main Street confident heading into a new year

Nash Nunnery — Mon, 28 Dec 2009 06:01:16 +0000

If November national sales figures are any indication, retail sales and consumer confidence may be higher for Mississippians in 2010. Retail sales climbed 1.3 percent last month, more than double the 0.6 percent median estimate, a Commerce Department report showed in mid-December. Overall, retail sales have risen 1.9 percent nationally in the past 12 months, [...]

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Experts won’t confirm drop in unemployment as a trend

Amy McCullough — Fri, 25 Sep 2009 19:23:13 +0000

ACROSS MISSISSIPPI — The state unemploy- ment rate dropped a point to 9.5 percent in August as compared to July’s 10.5 percent, but experts can’t confirm the drop is signaling a trend. Of Mississippians unemployed in July, 16,600 gained jobs in August, putting the state’s jobless rate below the national average of 9.6 percent. This [...]

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Miss. casino revenue falls in August

Associated Press — Tue, 22 Sep 2009 18:48:31 +0000

JACKSON — Revenue for Mississippi’s 30 state-licensed casinos fell 9.1 percent in August as compared to July. Figures released Tuesday by the Mississippi State Tax Commission show casinos won $206 million last month, about $18.8 million less than in July. The casinos took in $238.2 million in August 2008. The industry had rebounded somewhat in [...]

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Housing and jobless data signal a fragile recovery

Associated Press — Thu, 17 Sep 2009 19:12:44 +0000

WASHINGTON — Adding to evidence the recession has ended, housing construction rose in August and fewer laid-off workers sought jobless aid last week. Still, the reports suggested a slow and fragile economic recovery. The rise in housing starts was due solely to a jump in the volatile apartment-building category, and unemployment claims remain far above [...]

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Questions remain about ARRA funds

Wally Northway — Mon, 14 Sep 2009 05:01:59 +0000

Training sessions draw government officials Funding under the American Recovery and Reinvestment Act (ARRA) continues to roll into Mississippi, and questions remain about how entities approved for stimulus money are to account for the federal money. In many cases, there simply are no easy answers. “Fluid” and “changing paradigm” is how State Auditor Stacey [...]

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