Slow economic growth continues - MSNewsNow.com - Jackson, MS

Slow economic growth continues

Posted: Updated:
By Marsha Thompson - bio | email
JACKSON, MS (Mississippi News Now) -

With a slow continued improvement in the economy the Governor and top lawmakers adopted a revised budget indicating the state will bring in $118 million more than anticipated. There was good and bad news out of a Joint Legislative Budget Committee on our state of the economy.

Revenues estimators confirmed that Mississippi slipped into a recession in April, but the economy is looking up and it appears we are headed out of the slump.

The Governor and lawmakers heard that housing and the automobile markets are growing slowly. The job market remains at historic lows with employment the weakest link of the state's economy.

According to revenue estimator Dr. Darrin Webb there is evidence of a continued improvement in housing and vehicles sales, however, there remains concern and uncertainty about the fiscal cliff facing the President and Congress January 1st.

Copyright 2012 WLBT. All rights reserved.

  • Most Popular StoriesMost Read

  • Saturday, May 25 2013 4:20 PM EDT2013-05-25 20:20:27 GMT
    Judge Bill Gowan's Hinds County courtroom is in session for the 6th day of the James Hutto murder trial. Hutto, who is known for making obnoxious outbursts in court, has already made several erratic
    After 6 days of testimony, evidence and many loud and obnoxious outbursts by Hutto, a jury has unanimously found him guilty of capital murder.

  • Friday, May 24 2013 9:46 PM EDT2013-05-25 01:46:35 GMT
    The list of the names is a part of rotating lists of names. For example, the list used in 2012 is used in 2018. Each storm will be named alphabetically. The lists of names are chosen by World Meteorological
    The names for the 2013 North Atlantic hurricane season.

  • Friday, May 24 2013 8:30 PM EDT2013-05-25 00:30:42 GMT
    Yesterday we first told you about two parents of Boyd Elementary school students, who say their children were sexually assaulted by another student. The parents were furious that no action had been taken
    Thursday we first told you about two parents of Boyd Elementary school students, who say their children were sexually assaulted by another student. The parents were furious that no action had been taken on their cases. Today more parents are speaking out about their children also falling victims.
    •