Home » Tag Archives: recession (page 30)

Tag Archives: recession

Mississippi Main Street confident heading into a new year

If November national sales figures are any indication, retail sales and consumer confidence may be higher for Mississippians in 2010. Retail sales climbed 1.3 percent last month, more than double the 0.6 percent median estimate, a Commerce Department report showed in mid-December.  Overall, retail sales have risen 1.9 percent nationally in the past 12 months, which is the first year-over-year ...

Read More »

Spell guardedly optimistic about agriculture outlook

  If farmers who saw catastrophic losses in 2009 receive timely aid in early 2010, Mississippi Agriculture Commissioner Lester Spell is optimistic about the upcoming year. If not… “There is no definitive figure on just how many farmers we could lose if they don’t get some assistance,” Spell said. “I predict it will be a higher number than we have ...

Read More »

Breakout year expected in real estate

Real estate industry predictions for 2010 are that housing sales will increase, younger couples will be buying, fewer licensees will be selling and the market for office properties will continue to decline. “This is going to be an amazing year” for home sales, said Karen Godfrey of Godfrey & Ivy Realty Inc. in Clinton. Buyers will likely be younger couples ...

Read More »

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 ...

Read More »

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, ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »