24/7 Wall Street ranked state economies and well, Mississippi didn't fare too well on yet another list. The financial gurus placed Mississippi's economy at 47 out of the 50 states. USA Today reported the findings last week:
In most states, unemployment has improved in recent years as well, but that is not to say every state economy is equally healthy. Some states are experiencing an economic boom, while others continue to struggle with job losses, poor GDP growth, and poverty.Economic vitality is as much about growth as it is about a state's ability to support its population -- with jobs, education, and economic opportunities. In turn, employed, better-paid, and better-educated residents contribute to economic growth.24/7 Wall Street reviewed economic growth, poverty, unemployment, job growth, and college attainment rates to compare and rank state economies. The best ranked states tend to have fast-growing economies, low poverty and unemployment rates, high job growth, and a relatively well-educated workforce, while the opposite is generally the case among states with the worst ranked economies.....
47. Mississippi
5 yr. GDP annual growth rate: +0.3% (2nd smallest increase)
2017 GDP: $96.8 billion (15th smallest)
June 2018 Unemployment: 4.7% (tied -- 4th highest)
5 yr. annual employment growth: +0.7% (11th smallest increase)
Mississippi's population has remained effectively flat over the last five years. Partially as a result, economic growth in the state has been slow. The state's GDP grew at annual average rate of just 0.3% from 2012 to 2017, five times slower than U.S. GDP growth rate over the same period. During the last five years, several industries in the state -- including construction, mining and logging, and information -- have shed jobs. Today, 4.7% of the state's labor force is unemployed, well above the 3.8% U.S. unemployment rate.
Mississippi is the poorest state in the country -- with both the lowest median household income and highest poverty rate among states. The typical household in Mississippi earns just $41,754 a year, nearly $16,000 less than the typical American household, and more than one in every five state residents lives in poverty. Nationwide, 14.0% of the population lives below the poverty line.
Kingfish note: The good news is Mississippi was not 48.
56 comments:
Who is 48, 49, and 50 and by how much?
I've learned quickly that if your born to a family in Northeast Jackson with money and you and your siblings go to prep, JA or out of state boarding school like some do then you will also live here and be financially secure and marry a girl from same status in Jackson... apart from that you are having to fight to advance from the bucket of crabs trying to pull you down. I find that people in this state are unaware of other places and advancements other steps have taken. Unhealthy population lower education status as well as a huge minority population is a reason for financial struggles in the state no other place has the high percentage of minorities m ississippi has. Especially states outside of the southeast region. Facts are facts. Look at the delta for example!!!
I think there are fewer people working in Mississippi today than there were in 2007. Eight years of an Administration that doubled SS Disability and EBT rolls. Aimed squarely at his target voters. Congratulations on your Bullseye, Mr. Former President.
@10:53 You’re wrong. You must be dealing with alternative facts.
http://www.governing.com/gov-data/census/state-minority-population-data-estimates.html
"The best ranked states tend to have....a relatively well-educated workforce, while the opposite is generally the case among states with the worst ranked economies....." Well, imagine that....and with all the Mississippi schools giving themselves awards for increased test scores. Got news for everybody: Mississippi remains on the bottom because of this singular fact alone....education isn't happening. Oh sure, "diplomas" are being handed out, but it's merely to keep the funding rolling in and the adults looking good.....the local media doesn't dare dig into the very real problems plaguing schools (and colleges) because they'll be denied future access for threatening the $5.4 BILLION bear you are not allowed to poke. If you're a teacher, you'll lose your job for reporting just how dire it is. Absenteeism is epidemic and the taxpayer takes a bath everyday. But the money continues to flow into the hands of plantation keepers between Oxford and Jackson. It IS this way, because they want it that way. FACT.
47 is better than 50, yes?? Moving on UP
Louisiana is beginning to recover from the economic mess created by Jindal.Saldy with Tater at the wheel Missi
ppi is headed for disater too.
48-50 must really suck. Is Haiti a state now? 4 generations of public school has left our state with an ignorant and ill-prepared workforce.
As long as anyone in Jackson thinks government is going to help them, they are doomed to failure.
@10:48
It looks like we beat W. Virginia (50), Alaska (49), and Louisiana (48). I'll take it! We're right behind New Mexico (46), Kentucky (45), and Alabama (44).
But...but...but...TRUMP! He is besties with every single redneck pol in Mississippi, from Fill-n-da-Tater to good ol' Dane Maxwell down on the Pascagoula Run! Why, shucks, once he gets this fake Russian stuff in the rearview mirror, he and Melania will be buying places in Madison and Biloxi to be close to their BFFs and he'll be sending at least billions, if not trillions, down our way! Before you know it, Mississippi will be the Switzerland of the US! MAGA, bay-bee, MAGA! [Ed. Note - no, not "Make America Great Again!," "Mississippi Assholes Got Assfu..."]
11:32AM, do you know how many years Trump has been president?
Has the economy in Mississippi dropped so much in that short time.
Where was Mississippi ranked before Trump became president?
MS should be cut up in pieces.
We have to disperse the burdens more efficiently across a large area.
N MS goes to TN
The coast goes to LA
Central MS should be go to N LA
11:32's still butt-hurt over the loss.
48,49, and 50 are such losers.
Um, well, 11:55AM, the whole damned state has already gone to hell, so antagonizing the devil by taking away his toys doesn't seem a well-considered plan. How about this: we let him keep the entire Jackson metro area, ask him to give Oxford to Alabama, and make the rest of the state decent enough so he really doesn't want it anymore.
11:32 here, in response to 11:48:
Lessee now, Trump has been in office since, since...AHA! since he was elected. How does the amount of time Trump has been in office have to do with redneck MSGOPers thinking they were his buddies? This isn't on Trump or his crowd, it's on them for thinking a crew from Noo Yawk City and DC (many of whom are Jewish) wanted anything to do with them, much less actually liked them or enjoyed their company. Like him or not, Trump isn't an idiot, but they are. Now, there are some folks from Mississippi that are liked and welcome in those circles, but they aren't who most folks, including the MSGOPers themselves, think they are. Hell, the folks that are liked by the Trumpsters don't like these redneck MSGOPers, either.
11:32 here in response to "11:32's still butt-hurt over the loss."
I hate to break it to you, but I'm neither "butt-hurt" nor did the candidate I voted for lose. I voted for Trump and if the same race were held tomorrow, I'd vote the same. That is not to say that I thought or think Trump was or is the best person for the job, only that between Trump and Clinton, I'm voting Trump.
After living in Mississippi for 5 years I would encourage Mississippi to embrace it's diversity. I've lived in Portland OR, Seattle Boston and ohio... never before have I seen so much diversity as in Mississippi. I was truly shocked. In Portland they're practically begging to diversify by trying to encourage black families to move there and Seattle is similar. Ohio lacked diversity as did Boston. Look we have a great thing here with difference between the population. We should help those in need rather than blame them for being disadvantaged. Diversity is beautiful let's make it happen.
the only growth industry in the soybean republic[an] of mississippi is government. all brought to you by you republican party supermajority, the party of "limited" government.
The second post hit the nail "square" on the head.
Graduated high school and had no intent of going to collage. If I had, it would have been in another state.
Went to work, then decided to join the military. Did my four years, got out with a picture of what I wanted to do in life. Lived within my means, had fun. Met an married a girl of the same "social" standing, again living with in our means.
Lived in modest home and kept a newer car for one of us every 5 to 6 yrs. One credit card for vehicle / appliance repair or travel emergences, paid any balance off in under 6 months.
Both retired now at almost a 100K a year. I'd say that's pretty good for just being an average boy from the "leftovers" of south Jackson.
Yea economics has some to do with it, but most of it was drive and attitude on what I could accomplish. Never had to blame anyone, but myself for falling short of a goal. I'm satisfied with my standings and wouldn't change a thing.
Thank goodness we have right-wing conservative Republicans leading our state. Just think where we would be if those left-wing liberal/progressive Democrats had been in charge.
Sadly, the only thing that anyone cares about is who wins the Egg Bowl.
On the Brightside Mississippi made news Thursday for being the state that didn't have a decline in high school football players participation. We do lead in this as well as obesity and diabetes... probably have more buffet restaurants than most states by a long shot. So there you have it!!!
Well, you at 2: 31, Jackson would be a good example to start with, then Detroit, moving on to Chicago, but Jackson is the shining star of a Dim-O-Krat utopia!!
Does that give you and idea?
Also, I could care less about a so called egg bowl. It all boils down to our thugs playing their thugs.
Mississippi is one of the most racist and corrupt places in the United States. The racist comments on this site every day are a good indicator of what this state is all about. It will never change and will remain on the bottom forever.
How can that be? MDA is sponsoring (think “paid”) Facebook posts bragging about the state luring 400 jobs to Vicksburg. Of course they don’t mention that YOUR tax dollars funded incentives for almost 200 of those jobs to move FROM Byram. What’s worse? Incentivizing the transfer of jobs 40 miles within the state or spending money on Facebook ads bragging about it?
A measly $2 million from MDA for “relocation expenses” apparently isn’t enough to help the state economy beyond maybe a steak celebration dinner for the MDA staff.
Google “Unified Brands Vicksburg”
And you wonder Mississippi lost population in 2017.
2:20 Gov't retirements, only so many of you... we worked, and still do, to fund you. (Yeah I'm jealous)
Hey 1:22, Feel free to take a stroll out West Capitol Street and embrace the first person you see.
"...no other place has the high percentage of minorities m ississippi has. Especially states outside of the southeast region. September 3, 2018 at 10:53 AM"
There's that crackpot whose keyboard skips a beat every time he spells M ississippi.
10:53 is spot on!!! I see it everyday!!!!
On the plus side, we are number 46 in unemployment, so there's that.
Wonder who is 47, 48, 49 & 50?
Hey 6:03, try reading the NY Times where they proudly hire open and avowed racists.
@ September 3, 2018 at 10:53 AM
"as a huge minority population is a reason for financial struggles in the state no other place has the high percentage of minorities m ississippi has."
So in your mind, because of the percentage of blacks in Mississippi - thats why Mississippi can't get ahead, because there are too many black people here!? LOL!!!!!!!!!!!!!
Boy, you bigots are something else! LMAO!!!!!!!!!!!
Let's forget about the the Republican/Conservative super majority that runs this state and keeps electing politicians, that pass legislation that benefits the rich and corporations in this state, and does NOTHING to help improve the quality of life for ALL Mississippians! Let's totally ignore the unnecessary austerity measures funneled through the State Legislature by Fill-in-da-Tater, lets keep the focus on that fat lazy coloreds. LOL!!!
Nope, Mississippi's economy sucks because there are too many knee-grows!? Best laugh I had in weeks! ROTFLMAO!
Agreed. It has nothing to do with the black population, and everything to do with the continuance of white supremacy that permeates the halls of Jackson originating out of Oxford, ahem, Old Mississippi. You're either IN that circle, or your OUT of it.....and they will steer the dollars to stay in that circle. They're is absolutely zero excusal for why the Delta has not been a primary area of development and attention from state leaders....except for the fact that Oxford has meant to keep it that way with the rebel yell "Never!" in their institutions practices. Just walk around their campus and see how "proud" they are of a heritage of hate that should have died over a hundred years ago. Nope, it's alive and well. Reconstruction? Meh. Reconciliation? Meh. Ask an "ole' miss" fan, they'll remark, "You wouldn't understand." Oh, for sure - it's understood.
I don't know if this helps to understand or not but as a comparison on budgets. Source Wikipedia.
MS budget: 6.0B pop: 2.9M sq mi: 48.4K
ID budget: 7.9M pop: 1.7M sq mi: 83.5K
VT budget: 7.8 pop: 7.8 sq mi: 9.6K
NH budget: 5.9 pop: 1.3M sq mi: 9.3K
WV budget: 4.2B pop: 1.8M sq mi: 24.2K
DE budget: 4.1 pop: 1M sq mi: 2.5K
SD budget: 4.6 pop: 1M sq mi: 77.1K
Closet to Population
NV budget: 26B pop: 2.9M sq mi: 109.8K
AR budget: 30B pop: 3.0M sq mi: 52.0
Closet to Sq Miles
NC budget: 23B pop: 10.2M sq mi: 48.74
PA budget: 32B pop: 12.8 aq mi: 44.8
They're is absolutely zero excusal for why the Delta has not been a primary area of development and attention from state leaders ...
Why, exactly, should the Delta be a primary focus versus other areas of the state?
Companies are wanting universities, airports, and a decent, recruitable work force in close proximity to each other. Jackson and Golden Triangle meet that criteria.
Does the Delta?
Most all the Southern States started put in bad straits after the Civil War.
Some Confederate states have prospered and the Deep South has not.
Why do you suppose that is?
It wasn't the number of slaves as Georgia and Kentucky and South Carolina had more and Louisiana had far fewer. So how did Alabama and Mississippi fare so badly by comparison?
My wife and I left Mississippi after looking for better paying jobs all over the state and couldn't find one.
We moved to another state and with the same job double our pay with the cost of living being the same.
Something has got to give or there will be many people left in Mississippi.
I hate it because I love Mississippi but you have to give people a reason to want to stay there or they will be gone the first chance they get.
11:07 they are still stuck in the Jim Crow Mode.
@10:53 "Why, exactly, should the Delta be a primary focus versus other areas of the state?" Your racism is glaringly bright through the sad darkness of your indifference. Either you're a stone-cold ignoramus, or just another prime example of the white supremacy attitude that "we don't owe them nothin'". Reconstruction and reconciliation never happened and was actively thwarted for a century past the losing of the civil war. Mississippi leaders think they're still fight that war in their everyday policies. But today, everyone in Mississippi below a certain income level is considered a "kneegrow".
Before the civil war Mississippi was the richest state in the union. Now if we can just bring back the good ole days. Oh, sorry we already tried that!
We moved to another state and with the same job double our pay with the cost of living being the same.
Which state? Defend your boast.
@4:15 Exactly. That's the tenor of thought that's developing Oxford as the safehaven for all things supreme...70% white and growing fast.
Example: Waynesboro, MS. In the 1950-60 the city had two movie theaters, four or five NEW car dealerships, cotton mills, gas stations with mechanics on duty, public swimming pools, and a crowd downtown on Saturday.
Today, not much downtown traffic as it is all at Walmart. It is sixty miles one way to the nearest movie theater. There are only used car lots - not even a Ford Dealership, and no cotton mills or swimming pools. Instead of bootleggers selling beer and whiskey, we have a lot of people arrested every week for methamphetamine, weed, other drugs as well as alcohol intoxication.
If this is progress I am sick of it.
According to 6:24, Ole Miss is to blame for the lack of economic development in the Delta. I have read some dumb posts on this site, but that takes the case. Crawl back into your ignorant hole.
Heck you can live in East Texas in a double wide for less than you can a single in Missippi. Plus you can make 2-3 times more in the Oil Field than you can make at Toyota or Nissan, even if your lazy. My bum a$$, son in law is doing it.
@ September 4, 2018 at 5:03 PM
6:03am here, don't be so hard on 6:24am - I understand their frustration. I think the worst post title currently belongs to 10:53am
I think Ole Miss is probably one of the most progressive institutions in Mississippi and they are doing some good things as a school.
But as far as our economic bearings in this state, they have not done much to propel the state and that falls at the feet of the elected leadership in this state.
It's time to face the music and admit our style of leadership has not been effective and slow to draw at the gunfight. Fordice, Barbour, and Bryant did little to nothing to move Mississippi out of the economic doldrums, Phil Bryant had 8 years along with a super majority to make a difference, instead, the state is currently facing a deficit in the short term with a poorly rated infrastructure across the state.
The state has plenty to offer, its in a great location. The I-55 and I-20 corridor gives us great access to many places in the southeast region. The gulf coast gives us access to central america, we should be maximizing that access. We should've had speedy access from central Mississippi to Biloxi well over 20 years ago. Hwy. 49 south is antiquated, outdated and a logistical nightmare.
Here it is on the eve on Tropical Gordon making landfall and a 120 mile trip inward, will take people 3 to 5 hours!? That is ridiculous.
We are our own worse enemies in this state.
The civil war is a poor excuse for why this state is not progressing. Tennessee, Alabama, Georgia, Arkansas are light years ahead of us in fiscal footing.
Medicaid expansion was a gimme from the feds, but instead the conservative super-majority fooled the masses saying the state would have to foot 100%, when in the end it was only going to be 10%. That would have helped a lot of Mississippians. But instead, the elected leadership decided against it.
Anyway, it is what it is, nothing will change until everyone is sick and tied of being sick and tired.
5:03 PM: Yes, Ole Miss is to blame.
It doesn’t take much effort for anybody to see how much Ole Miss, your “flagship”, has lagged behind other universities in the South in the process of building a booming economy based on partnerships with businesses, investors, and sound government policies that have pushed up prosperity and quality of life in these other Southern states. Go back thirty years and compare Mississippi to say, South Carolina. Higher education and university rankings were very similar back then, as were population and economic measurements. Today in South Carolina, Greenville, Columbia, and the Coastal areas are booming from these partnerships.
One example from among many: There are now over 40,000 bio-medical and life-sciences jobs in South Carolina with literally hundreds of companies that have received funding from university and state and individual investment partnerships. The university students are highly educated; many are starting their own businesses. In turn, this had brought thousands of other high-level, professional jobs of all sorts, plus retail, restaurants, and housing into the downtowns that once were decaying, avoided areas.
Where can one find comparable results by the lowly-ranked University of Mississippi? Lining both sides of Woodrow Wilson Avenue across from your no longer respected medical school? On the Square at Oxford? Downtown Meridian?
People say that the reason for the state of Mississippi’s failure is its poor public grade-school education and that improving this is the key to extraction from poverty. Wrong! South Carolina and other Southern states with now nationally ranked colleges and universities have proven that prosperity begins at the university level, by both education and research, and then empowering a strong professional class (not social class) that can then lift an economy from the top.
Ole Miss’s mission has been to protect itself and Mississippi’s elite class structure first. Until you people tear this structure down, you will not merely remain where you are, but you will fall further and further behind. And, to your recent grads roaming the streets of other Southern states looking for jobs: No matter how often Ole Miss may style itself as “progressive”, your educational credentials are inferior to those of other candidates.
So, yes 5:03 PM, Ole Miss is responsible for the lack of economic development in the Delta and in the rest of the state.
Obviously touched a nerve and sent 7:54 off the deep end. Can you support your wild comparison of MS and SC and then blame one of eight institutions of higher learning for the supposed disparity? I suspect not. Just another Ole Miss hater with a private agenda.
Mississippi began after the civil war with the most illiterate population in the entire U.S. Then it began to steadily cut the education budget. It's still cutting. But that's not the problem...
Just saying the term "ole' Miss" is a racial slur....and they love it (wink, nod). And their moniker "rebels" they also desperately, but proudly hang on to as a back slap to integration, which Mississippi leadership has never embraced, but rather fought tooth and nail. The college don't want "them" to become literate, they might rise up and take over the Big House. Dan Jones tried to bring the college into the present, and even had the backing of the Mannings, but the alumni throughout the state had a fit for even thinking about discontinuing the use of those outdated white supremacist elements of speech. Throughout the halls of power in Mississippi it reeks of white supremacy masked as "school pride".....the status of Mississippi economically and socially confirm it. The media could do a great deal in moving the state forward, but they want they're access and will never attempt those changes....
We are effectively last again.
Stop this...face the problems...or move.
@ September 5, 2018 at 5:55 AM
I agree a lot with what you are saying, but I don't think that tongue-in-cheek subtle racism is exclusive to Ole Miss. I agree with you in regards to the halls of power, to me that would be our state legislature.
I agree with you as well, that the mainstream media in this state does not hold the power structure in this state accountable for the conditions, nor does it ever challenge it. But what will it take for them to say enough is enough?
5:15, your ignorance is stunning. Ole Miss, like many other universities, has a sad history of racial division. But the Ole Miss of today bears no resemblance to the Ole Miss of the 1960s and 1970s. And it’s impressive transformation began in earnest under Robert Khayat and has continued under Chancellors Jones and Vitter. Ole Miss is not perfect ( because people are not), but to accuse it of being a haven for white supremacists is grossly unfair and imbecilic.
@10:37 Your "ignorance" isn't stunning....it's the reason Mississippi is at the bottom, because of your unwillingness or inability to see what most in Mississippi can't stand....the arrogance of the average Oxford tool. Everytime you wrote "Ole Miss" you probably got an erection because you love hiding behind that racial slur that it is like it's ok. You rebel you....
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