Posts Tagged ‘economy’

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 […] [...]

Report: Confidence in Coast economy up modestly

MISSISSIPPI GULF COAST — Director of research and policy Scott King and the Gulf Coast Business Council Research Foundation has released the quarterly CEO and Business Owners Confidence Report for the first quarter of 2013. “Confidence in the Gulf Coast’s economy is improving moderately,” said Jack Norris, president of the Gulf Coast Business Council. “This […] [...]

Most Southern cities see drop in unemployment rates

SOUTHERN U.S. — Unemployment rates fell in more than 80 percent of large U.S. cities in February from January, suggesting that strong hiring that month benefited the vast majority of the country. The Labor Department says rates fell in 311 of the nation’s 372 largest metro areas. They rose in 45 and were unchanged in […] [...]

City faces shortfall as tax collections continue to decline

COLUMBUS — Sales tax collections continue to lag behind last year’s revenue, raising questions about whether the city will have to amend its budget or dip into reserves to make up the difference. The Commercial Dispatch reports January revenue was reported at about $626,000, a drop of more than $24,000 from the same period in […] [...]

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