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The State of Mississippi’s Economy

The State of Mississippi’s Economy. November 13, 2008 Oktibbeha County Leadership Development. Per Capita Income. Source: U.S. Bureau of Economic Analysis. Non-Farm Monthly Employment Growth. Source: U.S. Bureau of Labor Statistics and IHL Calculations.

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The State of Mississippi’s Economy

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  1. The State of Mississippi’s Economy November 13, 2008 Oktibbeha County Leadership Development

  2. Per Capita Income Source: U.S. Bureau of Economic Analysis

  3. Non-Farm Monthly Employment Growth Source: U.S. Bureau of Labor Statistics and IHL Calculations

  4. Mississippi Employment by Major Industry, 1990 - 2008 Source: U.S. Bureau of Labor Statistics

  5. Goods Producing Verses Service Producing Jobs in MS Source: U.S. Bureau of Labor Statistics

  6. 14.6% 22.0% 11.7% 21.9% 38.3% De Soto Alcorn 37.2% Marshall Tippah 1.5% Tishomingo 13.8% Benton 32.1% Prentiss Tunica Tate 29.1% Union 18.6% 8.9% 8.8% 24.3% Lafayette 27.4% 9.0% 58.8% Panola Lee Itawamba Quitman Pontotoc Coahoma 20.4% Yalobusha 3.8% 25.8% 47.9% 28.3% Calhoun Tallahatchie 14.1% Chickasaw 29.1% Monroe Bolivar Grenada 31.5% 9.9% 21.6% Clay Sunflower Webster 16.7% 3.8% 18.7% 7.8% 10.1% Montgomery 15.3% Leflore 16.8% Oktibbeha Washington Carroll Choctaw Lowndes 23.5% 18.8% 30.2% 37.6% 19.1% Humphreys Attala Holmes Winston Noxubee 2.1% Sharkey 0.0% 10.6% 27.9% 5.5% 25.4% 18.4% Yazoo Issaquena Leake Neshoba Kemper Madison 10.1% 24.7% 17.9% 44.7% 7.4% 3.9% Newton Warren Scott Lauderdale Hinds Rankin 37.8% 20.6% 4.3% 31.6% Claiborne Smith Clarke 3.6% 26.5% Jasper Copiah Simpson 0.0% Jefferson 0.9% 26.0% 27.3% 17.4% 25.3% Jones 9.3% Jeff. Davis 6.3% 6.0% Covington Wayne Adams Lincoln Lawrence Franklin 12.8% 31.1% 17.6% 33.6% Marion 7.5% Perry 9.0% 25.2% 6.7% 4.3% Lamar Wilkinson Amite Pike Walthall Forrest Greene 5.6% George 13.8% 7.0% Pearl River Stone 29.2% 5.1% Jackson 8.3% Harrison Hancock Manufacturing Employment as a Percentage of Total Employment, 2007 Mississippi 14.7% United States 10.1% Less than 10% 10% to 20% 20% and Above No Manufacturing

  7. Mississippi Non-Farm Earnings By Major Source, 2007 0.8% Percentages represent share of total in 2007 1.5% 2.6% 3.0% 4.9% MS Total Nonfarm Earnings in 2007, was $55.1 Billion 5.0% 6.1% 9.1% 10.0% 15.5% 17.1% 24.3% Source: U.S. Bureau of Economic Analysis

  8. Mississippi Retail SalesThree Month Moving Average Source: Mississippi Tax Commission and IHL Calculations

  9. Loss 0.0% to 15.0% Between 15% and 25% Greater than 25% Mississippi Retail SalesJan. – July, 2005 VS. 2008 4.6% -15.1% 11.2% 11.9% 27.7% -1.1% De Soto Alcorn Marshall Tippah 4.5% -1.9% Tishomingo Benton 21.6% Tate Tunica Prentiss 59.2% 15.2% Union Panola 23.0% 8.2% 27.5% -8.4% -27.9% 43.7% Lee Itawamba Coahoma Lafayette Quitman Pontotoc -8.8% Yalobusha 174.0% 9.2% 4.1% Tallahatchie 14.2% 16.1% Calhoun Chickasaw Bolivar 2.2% Monroe Mississippi 19.0% Grenada 13.2% 11.2% -0.4% -10.6% Clay Webster 13.6% Leflore 10.6% 2.1% 27.9% 10.9% Montgomery Sunflower Oktibbeha -20.5% Carroll Lowndes Washington Choctaw 21.8% 7.3% -3.2% -0.9% Humphreys 13.9% Attala Holmes Winston Noxubee 17.2% Sharkey 21.0% 12.3% -31.4% Yazoo 17.2% 10.6% 17.2% Issaquena Leake Neshoba Kemper Madison 24.0% 16.2% -3.8% 13.7% Warren Scott Newton 12.7% 16.7% Lauderdale Hinds Rankin 17.3% 135.1% 70.1% -7.7% Smith Jasper Claiborne 3.6% Clarke 41.3% Simpson Copiah 37.6% 24.3% 6.2% Jefferson Covington 26.4% 4.9% Lawrence 33.8% Wayne 38.9% 25.1% 15.4% Jeff. Davis Jones Adams Franklin Lincoln 39.5% 23.5% 21.5% 24.8% 14.0% Marion 10.5% 19.9% 101.1% 33.4% Perry Pike Lamar Greene Wilkinson Amite Walthall Forrest 17.6% 48.9% 31.0% George Pearl River Stone 52.4% 29.4% Harrison Jackson 72.1% Hancock Source: Mississippi Tax Commission

  10. Retail Sales Pull Factor, 2006 0.98 0.93 Alcorn 0.24 0.49 De Soto 0.45 0.63 Tippah Benton 0.58 Marshall 2.17 Tishomingo 0.62 Tate Tunica Prentiss 0.63 Union 0.90 0.82 0.34 1.25 Panola Lafayette 0.48 0.70 0.54 Quitman Lee Itawamba Coahoma Pontotoc 0.38 Yalobusha 0.29 0.44 0.59 0.56 Tallahatchie Calhoun Chickasaw 0.73 Monroe 1.18 Bolivar Grenada 0.54 0.55 0.46 Clay Sunflower 0.90 Webster 1.02 0.64 Leflore 0.19 0.82 Lowndes Montgomery Carroll Oktibbeha 0.40 0.95 Choctaw Washington 0.60 0.41 0.70 0.47 0.71 Humphreys Holmes Winston Noxubee Attala 0.57 Sharkey 0.53 0.62 0.80 0.31 0.30 Yazoo Leake Neshoba Kemper Issaquena 0.84 Madison 0.71 1.08 0.52 0.83 Scott 1.12 Lauderdale Newton 1.02 Warren Rankin Hinds 0.36 0.55 0.45 0.46 Clarke Jasper Smith Claiborne 0.65 0.54 Simpson Copiah 0.37 Jefferson 0.94 1.08 0.76 Wayne 0.33 Jones Covington 1.12 1.07 0.33 Lawrence Lincoln Adams Franklin 1.07 1.48 0.38 0.50 0.41 0.27 1.16 1.31 0.44 Marion Lamar Greene Wilkinson Amite Pike Walthall Forrest Perry 0.81 George 0.85 0.89 Stone Pearl River 0.90 1.46 Jackson 0.67 Harrison Hancock 0.51 Jeff. Davis Less than 0.50 0.51 to .75 .75 to 1.00 1.00 and over Source: Mississippi Tax Commission and IHL Calculations

  11. Mississippi Average Fall Enrollment by Grade, 1995-2005 Average Number of Births 6 Years Prior to 1st Grade 42,353 On average, for the last 10 school years, about 41,700 students entered 9th grade, yet only 26,000 enrolled in the 12th grade. Even less graduated with a traditional H.S. diploma. What happens each year to lose those 15,700+ students? Average Number of “Traditional” Graduates 23,722 Source: Annual Reports of the State Superintendent of Public Education

  12. 394 491 444 De Soto Benton 475 Alcorn 311 504 Tippah 419 Marshall Tishomingo 313 480 Tate Tunica Prentiss 512 Union 349 472 465 Panola Lafayette 453 328 511 242 Lee Itawamba Coahoma Pontotoc Quitman 454 381 280 396 Yalobusha Public School Achievement Level Index Mississippi 426 0 -199 level 1 200-299 level 2 300-399 level 3 400-499 level 4 500-600 level 5 Chickasaw 389 423 Tallahatchie Calhoun 465 Bolivar Monroe Grenada 375 456 322 Clay 359 Webster Sunflower 440 400 Leflore 380 327 Montgomery Lowndes 389 Oktibbeha Carroll 401 Washington Choctaw 326 Humphreys 289 386 356 456 Holmes Winston Noxubee 294 Attala Sharkey 349 412 420 356 Yazoo Leake Neshoba Kemper 464 294 Madison Issaquena 402 386 482 424 Scott 393 Warren 481 Newton Lauderdale Hinds Rankin 380 427 416 498 Jasper Clarke Smith Claiborne 376 368 Simpson Copiah 278 407 443 Jefferson 444 Covington 432 Wayne 441 Jones 331 304 376 Lawrence Lincoln Adams Jefferson Davis 443 Franklin Forrest 403 508 445 376 275 455 399 Marion Lamar Greene Wilkinson Amite Pike Perry 368 Walthall 429 422 George 437 Stone Pearl River 0 to 300 485 493 300 to 400 Jackson Harrison 460 400 to 500 Hancock 500 to 600

  13. Workforce Participation by Educational Attainment Mississippians 25-64 Years of Age, 2005 Source: U.S. Census, American Community Survey

  14. Unemployment Rateby Educational Attainment Mississippians 25-64 Years of Age, 2005 Source: U.S. Census, American Community Survey

  15. Median Annual Earningsby Educational Attainment Mississippians 25-64 Years of Age, 2005 Source: U.S. Census, American Community Survey

  16. Mississippi Male Incarceration Ratesby Educational Attainment Source: Calculated for 2000 Census and US Department of Justice Data

  17. Investing in Education Source: Calculations by IHL based on Appropriations data for 2005

  18. Net Returns to the State from Individuals by Educational Attainment Source: Calculations based on education costs and 45 Years of lifetime work.

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