Report: Miss. economy continues decline, will take years to recover

JACKSON — Gov. Haley Barbour often says that Mississippi’s economy slips into recession before the rest of the country and then recovers ahead of the national economy, but the latest state economic indicators show the reverse.

The state’s economy continued to decline in February, continuing a trend that began in early 2008, while national economic indicators point to a recovery, according to the April edition of Mississippi’s Business, a monthly publication produced by state Institutions of Higher Learning’s Bureau of Forecast and Analysis.

The report noted that the state’s Index of Coincident Indicators fell 0.4 percent in February from January’s level, continuing the decline that began in the first quarter of 2009.

“The state’s economy appears to still be contracting, although perhaps at a slower pace than in previous months,” the report said.

Mississippi has lost 6.3 percent of its jobs during this recession

Commercial Appeal
4/26/10