Governor Tate Reeves issued the following statement.
“Mississippi has done it again,” said Governor Tate Reeves. “Mississippi’s unemployment rate is at an all-time low because we’re making record investment in Mississippians and creating thousands of high-paying jobs around the state. Whether it’s in education or economic development, Mississippi is rising up the ranks. Our state is growing stronger every day and we have momentum.”
On top of the all-time low unemployment rate, Mississippi is finding success on multiple fronts. Recently, Mississippi has garnered national attention for its historic academic achievement in fourth-grade reading. Additionally, high school graduation rates are at an all-time high and above the national average.
Last year, Mississippi finalized a record $6 billion in new economic development. This included the largest economic development project in Mississippi’s history, a $2.5 billion investment that will create 1,000 jobs with an average annual salary of nearly $100,000. Earlier this week, Governor Reeves announced that the state of Mississippi was again honored with a Silver Shovel Award by Area Development magazine for economic development excellence. Since 2019, per capita personal income in Mississippi has risen by over $8,100 or almost 21%.
13 comments:
Because so many have dropped out of the labor pool. Labor participation here is the lowest in the country. Do a press release about that.
Those are Presley voters who have dropped out of the labor force. And you think his promises of more freebies, handouts, and feel good shit he can't deliver is going to stimulate them to jump back in? Get real.
Thanks to economic policies from the Biden administration, Mississippis economy, along with the rest of the nation, is now crushing it.
Fixed
this isn’t something to brag about. You’re really telling any company that is looking to do business in Mississippi that they will struggle to find workers
Did Tater say 'good paying jobs'? Kingfish won't delve into the labor force participation rate because he doesn't understand it. Maybe he can bootleg off something the State Auditor says and go from there.
Nobody is taking a 'good paying job' unless they're simply switching from a job they already have. Even Tater knows that.
Reeves makes an occasional hollow political boast but he deserves another term for his leadership. Lil Choke is the albatross around his neck and Reeves has finessed the Jxn mayor's rank incompetency as politely and effectively as humanly possible.
Jackson must take responsibility for the punk it put in office and change leadership so good businesses and worthy residents are not scared off.
Tate didn’t take credit for unemployment rising under his watch but somehow is now responsible when it stops. Political hack like the rest of them.
@ 5:22 - Businesses bringing quality jobs don't hope to hire the unemployed. The goal, as always, is to entice employed people (with work backgrounds) to join the new business. And you do that by offering competitive salary and benefits.
Two comments:
1. As others have noted, the labor force participation rate is way down, in Mississippi and nationally. Those who care should look into the various U numbers and particularly note U-3 vs. U-6, and compare to the LFPR (CIVPART) since the 1980s. There are benign reasons for the drop such as aging and retiring "Boomers" (but not economically or financially benign - see PERS and other pension funds as one example), but cherry-picking numbers is typical pol bullshit. Which brings us to the next comment.
2. Tater, like most other pols and those who write releases for them, doesn't have enough hands to wield another shovel. One wonders if anyone at "Area Development" considered the optics of using their own shovel to award one?
I like your knowledge of acronyms, but you lost me at shovels.
PS: Aging and retiring 'boomers' has no more to do with the labor force participation rate (LFPR) than agricultural employment and family farm members exempted from DOL FLSA.
PS: Cute that you threw in a reference to PERS.
@ 3:21...You don't know that. Nobody knows the true number who have 'dropped out', if there is such a number.
Such numbers are equally as meaningless as the 'average number of breaths taken by a group of people over the last three days'. First, the number can't be accurately derived and second, even if it could be, the number is meaningless.
Of course if you compare the average number of breaths taken in Mississippi with the Arkansas number, you've got to find great value in that, right? Only eggheads on government payrolls (and consultants) find value in such minutia.
Numbers dropping out of the labor force are pure guesswork based on hoodoo calculations, small household surveys, estimates, and guestimates.
Meanwhile - Here's just one example of government created confusion:
“Labor Force Participation Rate is the number of people in the labor force as a percentage of the civilian noninstitutional population...the participation rate is the percentage of the population that is either working or actively looking for work.”
So, while Mississippi touts itself as a great place to retire, where benefits aren't taxed...at the same time, we moan and wail when the LFPR is negatively affected by retirees who lower that (meaningless) calculation. If 5000 retirees move to Mississippi next year, the LFPR will plunge even lower. So What?
Most who say they utilize such estimates to make business decisions have no idea how the numbers are derived.
6:10, gauging our workforce participation rate is not as hard as you make it out to be. Just drive through a Jackson.
11:10 - In order to drop out of the labor force, one must have first been part of it. So, your point is not valid. Sorry.
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