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Economy

Mississippi manufacturing leads downturn in state economy

  By JACK WEATHERLY Mississippi’s economy slipped again in April primarily because manufacturing workers’ average workweek fell below 40 hours for the first time in six years. The “manufacturing employment intensity index” is one of three indices that declined in April, sending the Leading Index of Economic Indicators (MLI) downward, according to a monthly report issued by the Institutions of ...

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Forestry Commission cuts 75 jobs due to budget reduction

By JACK WEATHERLY The Mississippi Forestry Commission will eliminate 75 positions July 1 – two-thirds of which are firefighting jobs – due to a $2.67 million, or 16 percent, cut in its budget. The reduction is because of the state’s drop in revenue, which has forced government cuts across the board. State Forester Charlie Morgan said in a release that “preserving ...

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Credit rater warns on Mississippi, citing economy and taxes

Another credit rating agency is warning that the financial outlook for Mississippi government finances is weakening. Standard & Poor’s Financial Services on Tuesday downgraded its outlook for state government credit rating to negative from stable. S&P didn’t actually cut Mississippi’s debt ratings, but warned that it could later, saying it expects a budget squeeze to continue because of slow economic ...

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UMC cuts 195 jobs, eliminates 85 positions in budget cut

Special to the MBJ The University of Mississippi Medical Center today announced it is cutting 195 jobs and eliminating another 85 positions in action to address a recent $32.7 million budget cut, part of budgets ordered by Gov. Phil Bryant. The Medical Center has identified $24 million in savings through a combination of reduced spending and enhanced revenues to be realized ...

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Falconer earns award

Dr. Lawrence Falconer has been presented the Southern Agricultural Economics Association Lifetime Achievement Award, the association’s highest award for significant and enduring contributions to the Agricultural Economics Profession. Falconer is an Extension Professor for the Mississippi State University Extension Service and a member of the Mississippi State University Department of Agricultural Economics. Falconer has been at the Delta Research and ...

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Swartzfager NAEE president

Selena Swartzfager, president of the MS Council on Economic Education has been elected as President of the National Association of Economic Educators.  Swartzfager served two terms as treasurer prior to being elected as president. The National Association of Economic Educators is the professional association of economic educators with a mission to advance economic and financial literacy by serving educators. Swartzfager ...

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Gov. Bryant flips on trade pact since 2015

By JACK WEATHERLY Gov. Phil Bryant said in a December 2015 interview that he supported the United States joining the Trans-Pacific Partnership. “I hope it’s approved, and I hope that we’re a strong part of it,” Bryant told the Mississippi Business Journal. Yet Bryant, a staunch supporter of Donald J. Trump, who has since been elected president and “vetoed” America’s ...

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State MBA programs on the rise nationally

By BECKY GILLETTE The Masters of Business Administration  degree program at the University of Mississippi School of Business Administration continues to gain national recognition, most recently ranking 36th among America’s public universities in the Bloomberg Business Week News Service annual rankings of MBA programs in the U.S. This was the third year Ole Miss went up in BBW rankings. Ken ...

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Official: Amazon to start charging tax on Mississippi sales

Mississippi’s chief tax collector has announced that internet retailing titan Amazon will collect Mississippi’s 7 percent sales tax beginning Feb. 1. “I appreciate Amazon for voluntarily stepping forward to collect the Mississippi sales tax,” Revenue Commissioner Herb Frierson said Tuesday in a statement. “I hope that other e-retailers will follow the lead of Amazon.” Those other sellers may not have ...

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State leaders ponder roads and bridges funding

By JACK WEATHERLY Gov. Phil Bryant and House Speaker Philip Gunn on Thursday told the Mississippi Economic Council that they are open for finding a way to fund a major overhaul of the state’s roads and bridges. But, as they have said numerous times before, neither Bryant nor Gunn favored raising it through increased taxation. Gunn said that as of ...

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