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Tag Archives: economy

More than 600 Lamar teachers get 1st merit pay checks

HATTIESBURG — More than 600 of Lamar County’s teachers qualified for the district’s first round of merit pay, says Chris Wooten, human resources director for the county school district. Qualification for the second round will be tougher, so fewer teachers probably will qualify, he told The Hattiesburg American (http://hatne.ws/1rti0Uj ). He said 90 percent to 95 percent of the district’s ...

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Legislators expect a 3 percent spending increase next year

JACKSON — Top Mississippi lawmakers said yesterday they expect a 3 percent increase in state spending during the coming year, reflecting a prediction of modest growth in the state economy. That’s stronger than the 1.1 percent revenue growth rate for the current year over last year, but weaker than the roughly 5.5 percent growth during each of the two previous ...

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Exit polls: Voters dissatisfied with Obama administration, economy

ACROSS MISSISSIPPI — Republican Thad Cochran, in winning a seventh term in the U.S. Senate, fared well among those who disapproved of President Barack Obama’s performance and who felt the economy has been getting worse, according to final results of exit polling conducted for The Associated Press and television networks. Cochran surmounted a bitter GOP primary against tea party favorite ...

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Economist: State's economy expanding, but jobs are not

ACROSS MISSISSIPPI — The state’s economy is gradually growing stronger, but the state still has 44,000 fewer jobs now than it did before the recession, state economist Darrin Webb told legislative budget writers Friday. Employment numbers in the state have been up in some months and down in others. “What you see is sort of sputtering growth in employment,” Webb ...

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Commerce Department: Some metro area economies grew faster than others

ACROSS MISSISSIPPI — The economy along Mississippi’s Gulf Coast grew rapidly in 2013, while growth slowed in the state’s other metropolitan areas. The figures, released by the U.S. Commerce Department, show that gross domestic product expanded by 4 percent in the Gulfport-Biloxi-Pascagoula metropolitan area in 2013. That’s a big pickup from 0.1 percent growth in 2012. Growth in the Hattiesburg ...

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Casual dining is an economic indicator

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, people began treating themselves to ...

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Michael Boerner added to 1-percent sales tax commission

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 Mississippi State University and a ...

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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 was 7.9 percent in June, ...

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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 showing Mississippi’s economy grew by ...

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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, but today’s revision lowers the ...

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