Posts Tagged ‘economy’

While some businesses shrink Neel-Shaffer finds way to grow

by Published: August 30,2013

Tags: economy, engineering, Joey Hudnall, Neel-Schaffer

The regional planning and engineering powerhouse Neel-Schaffer Inc., is headed by a chief operating officer who has accomplished a lot at an early age. Joey Hudnall, 44, a native of Columbus, graduated from Mississippi State University in 1990 with a B.S. in civil engineering. He went to work for his father’s Columbus firm, Charles Hudnall […] [...]

Mayor issues hiring freeze as city faces budget deficit

CLINTON — Clinton’s mayor has ordered a hiring freeze and a hold on all major expenditures except for emergencies as the city tries to whittle down a predicted $259,000 budget deficit. The Clarion-Ledger reports Clinton officials recently learned of the looming deficit, which could grow or shrink depending on incoming revenues to the city between […] [...]

City enacts one-year hiring freeze; faces a $1.1M deficit

VICKSBURG — The city of Vicksburg has implemented a 12-month hiring freeze. The Vicksburg Post reports that the city is faced with a projected $1.1 million deficit when the new fiscal year begins Oct. 1. The Board of Mayor and Aldermen said the action is an attempt to prevent dipping into the city’s cash reserves. […] [...]

Confidence up among Coast CEOs, business owners

MISSISSIPPI GULF COAST — The Gulf Coast Business Council Research Foundation has released its quarterly CEO and Business Owners Confidence report for the second quarter of 2013, and the numbers are encouraging. “Our CEO’s and business owners have not expressed this level of confidence in the local economy since the first quarter of 2011,” said […] [...]

Stocks rally after Fed allays stimulus fears

NEW YORK — Stocks broke through record highs in early trading Thursday after Federal Reserve Chairman Ben Bernanke said the central bank is in no hurry to stop supporting the economy. Bernanke said the U.S. economy still needed help because unemployment remains high and inflation is below the Fed’s target. The Fed is currently buying $85 […] [...]

City officials facing nearly $3M deficit; must cut expenses

GULFPORT — Gulfport officials must cut expenses for the coming year to avoid a potential budget deficit of $2.8 million. A majority of council members said during the first work session on the budget yesterday the economy is too bad to subject residents to a tax increase. Revenue is stagnant, and federal grant funding for […] [...]

BEA: State’s economy grew by 2.4 percent in 2012

by Published: June 6,2013

Tags: economic, economy, growth, wealth creation

ACROSS MISSISSIPPI — New figures show that Mississippi’s economy grew by 2.4 percent in 2012. Gross domestic product numbers released Thursday by the federal Bureau of Economic Analysis try to measure all of the economic output of each state. Mississippi’s 2012 growth rate was close to the national average of 2.5 percent, and ranked 17th […] [...]

Foresters expecting another year of healthy recovery

ACROSS MISSISSIPPI — Evidence of a healthy national economy may be found in the strength of the timber industry. Forestry is a billion-dollar industry in Mississippi and the state’s second-largest agricultural commodity. A depressed national economy in recent years had negative impacts on housing construction and furniture manufacturing, which hurt the forestry sector, but industry […] [...]

State’s jobless rate fell to 9.1 percent in April

ACROSS MISSISSIPPI — The state’s unemployment rate dipped in April, but mainly because fewer people were looking for work. However, a separate survey of employer payrolls continued to rise, suggesting Mississippi’s slow climb out of recession continues. Both sets of figures were released today by the Bureau of Labor Statistics. The jobless rate fell to […] [...]

NFIB survey finds optimism in economy rising, but…

WASHINGTON — After last month’s disappointing drop in small-business confidence, April’s Index of Small Business Optimism from the National Federation of Independent Business rose 2.6 points to 92.1, just above the recovery average of 90.7. In April’s report, four Index components rose, two fell and six were unchanged. Yet pessimism abounds within the sector, as […] [...]

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