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Tag Archives: economy

Mississippi economic performance ‘lackluster,’ expert says

An expert is telling state budget writers that Mississippi has had “lackluster” economic performance since the Great Recession. State economist Darrin Webb also says he expects continued slow growth, partly because Mississippi has a large number of people of working age who don’t have jobs. Webb spoke Thursday to members of the Joint Legislative Budget Committee, who started two days ...

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Economic report adds fuel to Nissan union vote fire

  By Jack Weatherly An updated study showing the major impact of the automotive industry on Mississippi’s economy was released Thursday as an election approaches at the Nissan plant in Canton in which the workers will decide whether to unionize. Participants in the press conference at the Greater Jackson Chamber Partnership in Jackson voiced support for workers’ right to vote ...

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Coast economy continues to lag behind the state in key metrics

By JUSTIN VICORY The Coast’s economy is still struggling to recover from Hurricane Katrina, the Great Recession and the BP Oil Spill, and remains behind the state curve in important economic indicators, including sales tax revenue and median income, a business expert said. In a recent PowerPoint presentation entitled “The Uphill Recovery From the BP Oil Spill,” President of the ...

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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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9 years after recession began, Mississippi economy still stalled

Call them the unrecovered — a handful of states where job markets, nine years later, are still struggling back to where they were before the recession. That’s true in Mississippi, where job numbers and the overall size of the economy remain below 2008 levels. Unlike states that have long since sprinted ahead, Mississippi is struggling with slow economic growth and ...

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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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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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World Bank forecasting brighter prospects for 2017

The World Bank is forecasting the global economy will accelerate slightly in 2017 after turning in the worst performance last year since the 2008 financial crisis. The 189-nation lending agency said Tuesday that the global growth should expand at a 2.7 percent annual rate this year. That is down from the bank’s June forecast for 2.8 percent growth this year, ...

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Dow hits another record as bank stocks continue to climb

U.S. stocks are rising Monday morning, led by gains in bank stocks, sending the Dow Jones industrial average to another record high. Other major indexes are also up but still below their own all-time highs. European stocks were mostly higher, but Italy’s market fell after Italian voters rejected constitutional changes, dealing a major setback to Premier Matteo Renzi. KEEPING SCORE: ...

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Markets reel as world absorbs shock of UK vote for Brexit

» The Dow Jones industrial average dropped 611 points, or 3.4 percent, its biggest fall since August Britain has jumped. Now it is wildly searching for the parachute. The U.K.’s unprecedented decision to leave the European Union sent shockwaves through the country and around the world Friday, rocking financial markets, toppling Prime Minister David Cameron and even threatening the ties ...

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