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Tag Archives: economy

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 ...

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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 ...

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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 ...

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State's unemployment rate falls slightly to 7.4 percent

ACROSS MISSISSIPPI — Mississippi’s unemployment rate ticked down to 7.4 percent in January, as a few more people found jobs. A separate survey shows state employer payrolls falling slightly. Both sets of figures — adjusted to cancel out normal seasonal changes — were released yesterday by the Mississippi Department of Employment Security. It’s the lowest state jobless rate since October ...

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Construction industry adds workers, but…

There are signs that the nation’s construction industry is rebounding, but it will take a while before it fully recovers, according to one building trade association. Construction employment expanded in 195 metro areas, declined in 90 and was stagnant in 54 between January 2013 and January 2014, according to a new analysis of federal employment data released by the Associated ...

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MEC surveys find optimism, confidence in state's economy

JACKSON — Leaders from across the state are showing great confidence in the direction Mississippi is moving and in the ability to improve its economic competitiveness, according to the Mississippi Economic Council (MEC). Surveyed during the MEC’s Blueprint Mississippi Pathway to Progress Tour, business and community leaders rate Mississippi as a newly emerging growth state, higher than any other category. ...

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Cathy Northington receives MEC promotion; Kilroy added as vice president

The Mississippi Economic Council has announced the promotions of Cathy Northington and Christi Kilroy to new leadership positions. Northington has been named Vice President, Programs and Administration. Hired a decade ago as a part-time, entry-level employee, Cathy worked her way up from the ground floor at MEC. Today, Northington is in charge of facilitating Leadership Mississippi, the nation’s second oldest ...

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Bill’s demise ends state sales tax rebates for retail development

Mississippi’s tourism tax development incentives failed to gain enough legislative support for renewal last week and will expire July 1, ending the state’s practice of awarding tens of millions of dollars as incentives for development of shopping malls and retail plazas. The Mississippi Development Authority so far has awarded up to $155 million in potential subsidies for three shopping malls ...

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