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Tag Archives: economy

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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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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