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Tag Archives: recession

More workers quit jobs than are laid off

One sign of better economic times is when more people start finding jobs. Another is when they feel confident enough to quit them. More people in the United States have quit their jobs in the past three months than were laid off — a sharp reversal after 15 straight months in which layoffs exceeded voluntary departures. The trend suggests the ...

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Construction sheds more jobs in May

WASHINGTON — Employment in the nation’s nonresidential construction industry fell by 4,200 jobs in May after an across-the-board jobs gain the previous month, according to the latest employment report by the U.S. Labor Department. Since May 2009, the nonresidential building construction sector has lost 55,400 jobs, or 7.5 percent, and the employment stands at 684,300. Hardest hit was the nonresidential ...

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New and expanded facilities report shows recession’s impact

  Projects up, jobs and investment down While the recession may be at an end, there is plenty of data that show Mississippi’s economy is far from fully recovered. A report from the Mississippi Development Authority (MDA) reveals some sobering numbers concerning new and growing businesses in 2010. The MDA is quick to point out that its “New and Expanded ...

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Canada continues to add jobs

TORONTO — Canada added 24,700 jobs in May, the fifth straight monthly increase. Statistics Canada said today the unemployment rate remained unchanged at 8.1 percent as more people looked for work. Economists had expected a more modest 15,000 increase, particularly following April’s 108,000 gain. Employment gains in Canada have surpassed economists’ expectations since last July, when the economy began to ...

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Education Department pursuing stimulus funding

JACKSON — As a part of the American Recovery and Reinvestment Act of 2009 (ARRA), the federal government has created Race To The Top (RTTT), a program that will allow eligible states to compete for $4.35 billion in competitive grants to help lead education reform and innovation in classrooms. The Mississippi Department of Education (MDE) has officially submitted its RTTT ...

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U.S. unemployment claims decline

In the week ending May 29, the advance figure for seasonally adjusted initial unemployment claims in the U.S. was 453,000, a decrease of 10,000 from the previous week’s revised figure. The four-week moving average was 459,000, an increase of 1,750 from the previous week’s revised average. The advance seasonally adjusted insured unemployment rate was 3.6 percent for the week ending ...

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City slashes budget by nearly $1M

D’IBERVILLE — With revenues down and expenses up, D’Iberville is following other cities and looking for ways to cut costs. City Manager Michael Janus tells The Sun Herald that $900,000 has been cut from the budget, which should see the city through the budget year that ends Sept. 30. Officials say Iberville will have the only Class 5 rating in ...

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State revenue collections miss forecast again

Mississippi’s revenue collections in May indicate the economy still has not recovered. May revenue came in at 12.61 percent, or $51 million, below estimates. May was the worst month for tax commission collections since May 2009 and marks the 20th month out of the last 21 months in which revenue collections have fallen short of expectations, according to the Governor’s ...

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Construction spending rises in U.S.

For the first time since March 2009, private nonresidential construction spending increased 1.7 percent in April, according to the June 1 report by the U.S. Census Bureau. However, on a year-over-year basis, private nonresidential construction spending is down 24.6 percent. Total nonresidential construction – which includes both private and public – is up 2 percent for the month, the second ...

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State unemployment drops

Mississippi’s unemploy- ment rate for April was 10.7 percent, according to figures released today by the Mississippi Department of Employment Security. That represents a drop from March, when the state’s unemployment rate sat at 11.2 percent. In April, Rankin County had Mississippi’s lowest rate of unemployment, with 6.9 percent. Noxubee County had the highest, at 20.4 percent. Noxubee joined Holmes ...

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