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Tag Archives: recession

Report finds mixed economic numbers

STARKVILLE — Both the Mississippi Index of Coincident Indicators and the Mississippi Index of Leading Indicators rose in October relative to September, according to the State Institution of Higher Learning’s (IHL’s) December “Mississippi Economic Review and Outlook.” In both cases, the increase was modest. Digging into the details show the economic data is mixed, IHL reports. Recent Mississippi employment data ...

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Broadband funds not coming here

Vice President Biden yesterday kicked off $7.2 billion in American Recovery and Reinvestment Act broadband grant and loan programs, of which $2 billion will be made available on a rolling basis over the next 75 days to bring high-speed Internet to communities that currently have little or no access to the technology. At an event at Impulse Manufacturing in Dawsonville, ...

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State's unemployment decline near top in nation

Regional and state unemployment rates were generally lower in November. Thirty-six states and the District of Columbia recorded over-the-month unemployment rate decreases, eight states registered rate increases and six states had no rate change, the U.S. Bureau of Labor Statistics reports. Over the year, jobless rates increased in all 50 states and the District of Columbia. The national unemployment rate ...

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U.S. unemployment claims rise

In the week ending Dec. 12, the advance figure for seasonally adjusted initial unemployment claims in the U.S. was 480,000, an increase of 7,000 from the previous week’s revised figure. The four-week moving average was 467,500, a decrease of 5,250 from the previous week’s revised average. The advance seasonally adjusted insured unemployment rate was 3.9 percent for the week ending ...

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Average earnings up and down

Real average hourly earnings in the U.S. fell 0.5 percent from October to November, seasonally adjusted, the Bureau of Labor Statistics reports. A 0.5 percent increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) more than offset a 0.1 percent increase in average hourly earnings for production and non-supervisory workers. Real average weekly earnings rose ...

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Report: State to lead in auto loan problems

TransUnion released its annual auto loan forecast indicating national auto loan delinquencies (the ratio of borrowers 60 or more days past due) will increase approximately 7 percent at the end of 2010 to 0.92 percent from an expected 0.86 percent at the conclusion of 2009. It forecasts that Mississippi will have the highest delinquency rate in the nation at the ...

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JLBC approves budget recommendation

JACKSON — The Joint Legislative Budget Committee (JLBC) approved yesterday its budget recommendation for fiscal year 2011 that, along with Gov. Haley Barbour’s executive budget recommendation, will serve as a starting point for budget writers when lawmakers convene in January. Like Barbour’s, the JLBC’s outline seeks to cut every eligible program and agency in an effort to save money as ...

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Airlines continue to trim payroll

Air carriers have recently seen an increase in traffic and improved operating margins, but they continue to shed jobs. U.S. scheduled passenger airlines employed 3.7 percent fewer workers in Oct. 2009 than in Oct. 2008, the 16th consecutive decrease in full-time equivalent employee (FTE) levels for the scheduled passenger carriers from the same month of the previous year, the Bureau ...

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RTI puts plant on hold indefinitely

HAMILTON — RTI International Metals Inc. has determined to indefinitely idle plans to construct a titanium sponge facility in Mississippi. In addition, RTI has also entered into two additional long-term titanium sponge supply agreements with Toho Titanium Co., Ltd. and OSAKA Titanium technologies Co., Ltd. (OTC), both of Japan. Dawne S. Hickton, RTI vice chairman, CEO and president, said, “Taken ...

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Airlines finally make a profit

The network, low-cost and regional airline groups all reported improved operating margins in the third quarter of 2009 compared to the third quarter of 2008, the Bureau of Transportation Statistics (BTS) reports today in a release of preliminary data. BTS reports that the airline industry collected at least $2 billion through ancillary fees in the third quarter of 2009, up ...

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