Home » Tag Archives: economy (page 2)

Tag Archives: economy

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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, ...

Read More »

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 ...

Read More »

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 ...

Read More »

DAVID DALLAS: The new minimum wage and our economy

Imagine you make $7.50 an hour. Imagine your work week is limited so that your employer does not have to share responsibility for your healthcare costs or provide other benefits. Imagine your having to take a second job where you are also paid $7.50 an hour and work less than 30 hours a week. Let’s say you are fortunate enough ...

Read More »

Economic growth slows in Mississippi in 2013

JACKSON, Mississippi — New figures show that Mississippi’s economy grew by 1.6 percent in 2013. Gross domestic product numbers released Wednesday by the federal Bureau of Economic Analysis try to measure all of the economic output of each state. Mississippi’s 2013 growth rate was below the national average of 1.8 percent, and ranked 29th among the 50 states. Growth slowed markedly ...

Read More »

Grant to create up to 420 tornado recovery jobs

JACKSON, Mississippi — The U.S. Labor Department is sending up to $6 million to Mississippi to pay for unemployed people to help with recovery and cleanup from the April 28 tornadoes. The money, being sent to the Mississippi Department of Employment Security, could create as many as 420 temporary jobs. The federal government said Friday that it has released $1.87 ...

Read More »