Posts Tagged ‘economy’

Casual dining is an economic indicator

by Published: September 4,2014

Tags: Business, Dining, economy, flowed, Mississippi, Outback Steakhouse

How’s an area’s economy doing? Just check the traffic at casual dining restaurants such as Outback, Longhorn, Logan’s and Olive Garden. J&R Restaurant Group’s sales at its eight Mississippi and Tennessee Outback Steakhouses dropped along with the economy from 2007-2009. By 2010, with a degree of life returning to the economy and job insecurity lifting, […] [...]

Michael Boerner added to 1-percent sales tax commission

by Published: August 22,2014

Tags: architecture, Business, economy, JACKSON, Mississippi

Lt. Gov. Tate Reeves has named small business owner and local architect Michael Boerner to the 1-percent sales tax commission charged with overseeing expenditures from a recent sales tax increase in the city of Jackson. Boerner, AIA, LEED AP, is the principal of Wier+Boerner Architecture in Jackson. He has a bachelor of architecture degree from […] [...]

State’s jobless rate remains highest in U.S.

ACROSS MISSISSIPPI — The state’s unemployment rate continued to go in the wrong direction in July, remaining the highest in the nation. The jobless rate rose to 8 percent in July, the third straight monthly increase, as the number of people reporting they had a job fell faster than the labor force. Mississippi’s unemployment rate […] [...]

Report: State sees slowest growth in consumer spending in nation

ACROSS MISSISSIPPI — Overall consumer spending grew more slowly in Mississippi than in any other state in 2012, reflecting the state’s slow recovery from the recession. A report released yesterday by the U.S. Commerce Department finds overall personal consumption spending grew 2.5 percent in Mississippi in 2012, compared to 4.1 percent nationwide. With other figures […] [...]

NRF downgrades retail sales forecast after sluggish start to 2014

WASHINGTON — The National Retail Federation has lowered its retail sales forecast for 2014 because of slow growth recorded during the first half of the year, but said sales are expected to grow significantly faster over the next five months. NRF forecasted in January that retail sales would grow 4.1 percent in 2014 over 2013, […] [...]

DAVID DALLAS: The new minimum wage and our economy

by Published: June 25,2014

Tags: Business, economy, minimum wage, Mississippi, Politics

Imagine you make $7.50 an hour. Imagine your work week is limited so that your employer does not have to share responsibility for your healthcare costs or provide other benefits. Imagine your having to take a second job where you are also paid $7.50 an hour and work less than 30 hours a week. Let’s […] [...]

CARTOON — Nobile eyes tourism in Mississippi

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State’s unemployment rate falls slightly to 7.4 percent

ACROSS MISSISSIPPI — Mississippi’s unemployment rate ticked down to 7.4 percent in January, as a few more people found jobs. A separate survey shows state employer payrolls falling slightly. Both sets of figures — adjusted to cancel out normal seasonal changes — were released yesterday by the Mississippi Department of Employment Security. It’s the lowest […] [...]

MEC surveys find optimism, confidence in state’s economy

JACKSON — Leaders from across the state are showing great confidence in the direction Mississippi is moving and in the ability to improve its economic competitiveness, according to the Mississippi Economic Council (MEC). Surveyed during the MEC’s Blueprint Mississippi Pathway to Progress Tour, business and community leaders rate Mississippi as a newly emerging growth state, […] [...]

Bill’s demise ends state sales tax rebates for retail development

by Published: February 21,2014

Tags: Business, economic development, economy, Legislature, Mississippi

Mississippi’s tourism tax development incentives failed to gain enough legislative support for renewal last week and will expire July 1, ending the state’s practice of awarding tens of millions of dollars as incentives for development of shopping malls and retail plazas. The Mississippi Development Authority so far has awarded up to $155 million in potential […] [...]

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